Price of one liter of milk set at LBP 1100 and importation of dairy products to be controlled by prior licensing

Following the brouhaha caused recently around the issue of decreasing the cost of milk and its impact on production (covered by WEEPortal on the 27th and 28th of October 2014), the Minister of Industry Dr. Hussein Hajj Hassan, confirmed the price of milk which was set at LBP 1100.  Hajj Hassan's decision was announced yesterday during a joint meeting between the Lebanese Diary Board (LDB) and milk producers.  During that same meeting, a decision was also taken to subject diary import to prior licensing granted by the Ministers of Industry and Agriculture according to their remit and based on market needs.
In a related vein, and in order to implement previous decisions to prevent the selling of milk and diary products from non licensed sources and the shutting down of non licensed factories, Hajj Hassan noted that agreement was reached to set up a tri-partite committee including the Ministers of Industry, Economy and Agriculture, the Directors General of these 3 Ministries and with the participation of representatives from the LDB and milk producers.  This committee will undertake a performance review every three months and will take necessary decisions based on their assessment.
Source: Al-Diyar, Al-Safir 25 November 2014

For further information about the issue of cost of milk, please review earlier news published on the WEEPortal:
Federation of milk producers rejects any price reduction, on 27/10/2014
No change in the price of milk and new measures to control the sector, on 28/10/2014