
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.