Wednesday, October 30, 2024
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Milk powder to be cheaper from this week

The price of all categories of milk powder are to be reduced by 12% this week, industry sources said.

The reduction is due to the price of refined sugar and vegetable fat, two ingredients, declining in global markets.

“We have decided to pass on the benefit of the decline to the consumer, to ease the burden of high cost of living,” a leading milk powder marketer told the Daily FT.

FT