Fiji Time: 6:01 PM on Wednesday 4 May

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 0.61870.5997
JPY 52.481149.4811
GBP 0.33370.3257
EUR 0.42280.4108
NZD 0.70910.6761
AUD 0.65260.6276
USD 0.48800.4710

from

$0.00

Exchange Rate updated on 4th May 2016

Today's Most Read Stories

  1. Nude pose
  2. 'Not my decision'
  3. Sevens marked man
  4. Tuitubou: Stop criticising Fijian 7s players
  5. Engineer queries claims on building
  6. Koya: Be fair to all Fijians
  7. Police inquiry into bullet find
  8. Ministry tracks down $2m wage creditors
  9. $3 burden for firms
  10. Man, 50, charged with murder

Top Stories this Week

  1. Tale of pain Monday (02 May)
  2. A son's fatal ride Monday (02 May)
  3. Spirit haunts village Tuesday (03 May)
  4. Boy needs $500 a week to live Monday (02 May)
  5. Cracks and holes deem building unsafe Monday (02 May)
  6. Nude pose Wednesday (04 May)
  7. Family, friends bid farewell to car crash victim Monday (02 May)
  8. Bullet found on aircraft Tuesday (03 May)
  9. Sex talk worry Tuesday (03 May)
  10. Rawaca's hospital bill payment saga Thursday (28 Apr)