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Sri Lanka: Bakery owners decide against increasing bread prices

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COLOMBO (News 1st); The All-Ceylon Bakery Owners association announced that they would not opt to increase the price of break.The announcement came after a meeting with the Trade Minister, who had noted that the two main Wheat Flour companies had agreed to provide sufficient stocks.A shortage of Wheat Flour in the Sri Lankan domestic market resulted in a massive price hike, where a 50 kg pack of Wheat Flour that was Rs.

13,500/- spiked to Rs. 20,000/- in a matter of days.Over the weekend, the All Ceylon Bakery Owners Association announced that if they purchase Wheat Flour at this rate, the price of a loaf of bread will have to be fixed at around Rs.

300/-.The All Ceylon Bakery Owners Association met and discussed matters with the Minister of Trade Nalin Fernando on Monday (5).

Prima Ceylon Private Limited told News First that they have not taken any measures to increase the prices of wheat flour. Prima Ceylon Private Limited went on to add that the price hike in the market is could be attributed to the operations of the Wheat Flour Importers based in OPettah.However, Prima Ceylon Private Limited is producing below capacity due to the Dollar Crisis.

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