Anchor Butter Prices Skyrocket

Prices of Anchor butter, belonging to Fonterra Brands Lanka, have skyrocketed in Sri Lankan market in the recent past.

The company has sharply increased prices to Rs495 per 227 g (salted; unsalted is Rs520) - from Rs350 previously.

 Meanwhile, locally manufactured Highland butter is still sold at same prices - Rs250 per 200g.

 When contacted by ‘Asian Mirror’, sources close to the company said the price was increased as a result of revised taxes on imported food items that came under budget proposals last year.

 However, other important butter products in the market have still not seen a drastic increase in prices.

 Fonterra Brands Lanka controls a significant share of the dairy products market in Sri Lanka.




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