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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.

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