Wal-Mart Warned on Too-low Milk Prices in Puerto Rico
"Always Low Prices" isn't always a good thing for Wal-Mart, apparently. The discounter was warned by Puerto Rican authorities on Thursday that it was selling milk too cheaply on the island.
Puerto Rican regulators said Wal-Mart was offering its ultra-high-temperature Great Value brand milk at $1.46 a quart, 36 cents below the price set by the U.S. territory's government to protect its milk industry. That put Wal-Mart in violation, according to Juan Pedro, director of the Puerto Rican milk regulation agency.
In a statement on Thursday, the Bentonville, Ark.-based giant said it is committed to following all local laws. Wal-Mart also stated that it corrected the listed milk price as soon as it was alerted to the situation.
Puerto Rican regulators said Wal-Mart was offering its ultra-high-temperature Great Value brand milk at $1.46 a quart, 36 cents below the price set by the U.S. territory's government to protect its milk industry. That put Wal-Mart in violation, according to Juan Pedro, director of the Puerto Rican milk regulation agency.
In a statement on Thursday, the Bentonville, Ark.-based giant said it is committed to following all local laws. Wal-Mart also stated that it corrected the listed milk price as soon as it was alerted to the situation.