Wheat companies agree to previous prices
Wheat companies have agreed to sell wheat at the previous price during the cost of living committee meeting held today, Minister of Agriculture P. Harrison said.
On 6 September Prima decided to raise the price of a kilo of wheat to Rs. 5.5 quoting the depreciation of the rupee against the dollar.
Prima in an earlier occasion said the Government had promised to consider a price revision but had not honored the promise.
Following Prima’s decision, The Bakery Owners’ Association also decided to increase the price of a loaf of bread by Rs 2.00.
However, The Consumer Affairs Authority said legal action will be taken on Prima for increasing the price without the authority’s approval.