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Dhaka Tribune

Prices of powdered milk rise despite drop in global market

It is for the third time that the prices of milk went up in the last six months

Update : 26 Sep 2022, 05:37 PM

Powdered milk, an essential commodity, saw fresh price hikes in recent times,on top of other commodity price hikes.

The maximum retail price (MRP) of two leading brands -- Dano (Arla Food) and Diploma (New Zealand Dairy) -- hit Tk840-850 per kilogram (kg) on Sunday, increasing from Tk40-50 a kg back in June.

It is for the third time that the prices of milk went up in the last six months.

Another brand Marks (Abul Khayer) increased to Tk780-790 per pack of one kg while Fresh (Meghna Group) to Tk700-710 a kg, a Tk30-40 hike a kg.

Trading Corporation of Bangladesh (TCB) recorded a 6-7% hike in powdered milk prices in a week while the current prices are 25-26% higher than a year ago.

The price increased last in June this year; before that it was also reviewed upward in the first week of March when the global price hit a decade-long hike of $4,760 a tonne, according to industry sources.

The price of the powdered milk has been reviewed at a time when the global prices were showing a downtrend for the last four months, according to the global commodity portals.

The average price of powdered milk declined to $3,417 a tonne in August, according to Global Dairy Trade.

Sources at the companies said a significant appreciation of US dollar against Bangladeshi currency and a notable hike in freight charges have held back getting benefit out of the global price fall.

Bangladesh imports 120,000-130,000 tonnes of powdered milk annually to meet the local demand, according to the Commerce Ministry.

Meanwhile, liquid milk prices also increased last month to Tk90 a litre from Tk80 earlier.

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