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Bread price up after wheat flour price hike

28 Nov 2021

  • Rs. 10 hike from today
By Buddhika Samaraweera The All Ceylon Bakery Owners’ Association (ACBOA) has decided to increase the price of a loaf of bread by Rs. 10 with effect from today (29), after Serendib Flour Mills (Pvt.) Ltd. and Prima Ceylon (Pvt.) Ltd. increased the price of 1 kilogramme (kg) of wheat flour by Rs. 18.50. Speaking at a media briefing yesterday (28), ACBOA President N.K. Jayawardena stated that the price of bread had to be increased reluctantly due to the increase in the prices of wheat flour and gas. However, he noted that the ACBOA has not made a decision on the prices of other bakery products. “The bakery owners will increase the prices of those products by a reasonable amount. We, as the ACBOA, have requested them to increase the prices of other bakery products at reasonable prices such as Rs. 5 or Rs. 10, so as not to inconvenience consumers,” he said. “The two main wheat flour companies have increased the price of 1 kg of wheat flour by Rs. 18.50. Never in the history of Sri Lanka has there been such a huge increase in price. In this situation, the price of a loaf of bread should be at least Rs. 100. But with the customers in mind, we increased the price by only Rs. 10,” he went on to say. Claiming that there are about 7,000 bakeries in the country, he revealed that 5-10% of them have been closed down due to economic hardships faced by bakery owners. As a result, he said that a large number of people who depend on the bakery industry have lost their sources of income. “Currently, the bakery industry is in a state of huge crisis. The main reason for this is the current shortage and price increase of wheat flour. When we ask the flour companies, they say that there are no US dollar reserves in the country to import wheat. Therefore, an immediate intervention is needed from the Government in this regard,” he added. Following repeated requests from companies, the Government last month decided to remove the control prices imposed on milk powder, liquified petroleum (LP) gas, wheat flour, and cement. Wheat flour companies increased the price of 1 kg of wheat flour by Rs. 10 on 11 October 2021. Following the said companies’ decision to increase the prices of wheat flour, the ACBOA on the same day announced that the price of a loaf of bread would be increased by Rs. 5. Accordingly, the price of a 450 g loaf of bread was increased by Rs. 5 last month.

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