By Uwin LugodaSri Lanka’s dairy imports continued its annual trend of year-on-year (YoY) increase, as expenditure on dairy imports in 2020 have so far increased by 12.5% from the corresponding figure for 2019, despite the current import restrictions. “Milk powder (imports) have significantly increased, despite import prices of whole milk powder being lower than last year, in line with prices in the global market,” the report read. Therefore, presently, the majority of the demand in milk products is met through imports, mostly from New Zealand and Australia. In comparison, imports of milk and milk products grew by 21.5% over the year. According to the CBSL Annual Report 2017, Sri Lanka imported milk and milk products worth Rs.

Source: The Nation November 21, 2020 20:26 UTC