Fiji Time: 2:19 AM on Sunday 6 September

Fiji Times Logo

/ Front page / News

Drop in powdered milk price

Geraldine Panapasa
Thursday, June 12, 2014

CONSUMERS can expect a decrease in the price of 450grams of Rewa Full Cream milk powder by 4.81 per cent after the Fiji Commerce Commission announced the price reduction in Suva yesterday.

Commission chairman Dr Mahendra Reddy said the development followed a submission from Fiji Dairy Limited and was attributed to a decline in imported prices.

"The price review sees a reduction in the price from $7.25 to $6.90 for urban centres on Viti Levu, depicting a price decrease of 35 cents per packet," he said of the new prices, which came into effect yesterday.

"The new price for urban centres in Vanua Levu is $7.02, depicting a reduction of 34 cents per packet."

He said the commission was positive that Fijian consumers of powdered milk would enjoy further reduction in retail prices in the coming months with a reduction in international prices.

On February 13 this year, the commission announced amended prices under the Commerce (Price Control) (Percentage Control of Prices for Food Items) Order 2012 for the 450g Rewa Full Cream milk powder.

This included $7.25 for urban centres and $7.32 for rural areas on Viti Levu, and $7.36 for urban centres and $7.43 for rural areas on Vanua Levu.

This was amended to reflect decreases across the board where the maximum retail prices for the 450g product in rural areas on Viti Levu has been set at $6.97, rural areas on Vanua Levu has been set at $7.09.








Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.61460.5956
JPY 56.533653.5336
GBP 0.30500.2970
EUR 0.41860.4066
NZD 0.73410.7011
AUD 0.66670.6417
USD 0.46810.4511

from

$0.00

Exchange Rate updated on 4th September 2015

Today's Most Read Stories

  1. First for USP
  2. Fijians to wear white
  3. Fijians hurt
  4. Kirwan praises Fijians
  5. Studying in England
  6. Flying Fijians team to face Canada named
  7. Khan for $217m sugar loan talks
  8. End to democracy for cane growers
  9. Call to monitor children
  10. Japan unites with Pacific on climate change

Top Stories this Week

  1. PM's warning Sunday (30 Aug)
  2. Leaders hit back at PM Monday (31 Aug)
  3. Nadolo gets $2 for RWC Sunday (30 Aug)
  4. Sexual taboo Wednesday (02 Sep)
  5. Nightclub employee charged with murder Tuesday (01 Sep)
  6. Fear of losing iTaukei language Monday (31 Aug)
  7. A taxi for his 21st birthday Wednesday (02 Sep)
  8. $14b man Thursday (03 Sep)
  9. 43 on radar Monday (31 Aug)
  10. Natuva: Military transition may take 5 years Thursday (03 Sep)