The price of a 450 gram loaf of bread went up by Rs 5 with effect from midnight yesterday (3), but the prices of other bakery items remain the same, said President of the All Ceylon Bakers Association (ACBA), N.K. Jayawardene.
However, he highlighted that the reason for the increase in the price was not due to the increase in the price of flour by the Prima Company, but rather Government taxes imposed on palm oil which is commonly used in baking, the requirement to import raw materials such as yeast which are used in baked foods and increased kerosene prices.
The National Movement for Consumer Rights Protection alleged that the ACBA was being opportunistic in their sudden increase of prices and urged consumers to replace flour with alternatives or reduce its consumption.
The Consumer Affairs Authority (CAA) is unaware of an immediate increase in flour prices even though the media has been raising such claims, a representative of the CAA, A.A. Jassu told Ceylon Today. He added that regulating flour prices by private companies may only be countered by the Cabinet through a Gazette in that regard. The Prima Company was unavailable for comment.
China on Friday announced a slew of additional tariffs and restrictions against U.S. goods as…
A 32-year-old individual from Kattankudy in Batticaloa was arrested this morning (04) by the officers…
Sri Lanka’s apparel sector, the country’s largest export industry, is bracing for a major setback…
Indian Prime Minister Narendra Modi is scheduled to arrive in Sri Lanka tonight for a…
The Consumer Affairs Authority (CAA) issued a special gazette notification enforcing maximum retail prices for…
The United States yesterday announced and introduced a significant shift in its trade policy by…