The price of imported milk powder has been increased under the new price formula announced this week.The Ministry of Commerce and Industry said that the price of a 1kg packet of milk powder has been increased by Rs 60 while the price of a 400g packet has been increased by Rs 25 from today. Accordingly, the new price of a 400g imported milk powder packet is Rs 370 and 1kg imported milk powder packet is Rs 920. (Colombo Gazette)