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Wheat flour price hike: Legal action against major manufacturer

03 Jul 2021

  • Only one company is at fault: Alagiyawanna 

  • Bakery owners hold off on bread price hike   

By Yoshitha Perera In the midst of bakery owners sounding the alarm over an imminent increase in the prices of bread and bakery products if the increased wheat flour price remained unchanged, the Consumer Affairs Authority (CAA) has taken legal action against a major wheat flour manufacturing company for its random price hike, The Sunday Morning learnt.  Speaking with The Sunday Morning, Co-operative Services, Marketing Development, and Consumer Protection State Minister Lasantha Alagiyawanna said the CAA has already taken legal action against one major wheat flour manufacturing company for their arbitrary price hike.  He said: “Earlier, it was reported that there were two such companies which had increased the price. However, during the discussions held with companies, it was revealed that there was only one company that had increased the price.” Meanwhile, the All Ceylon Bakery Owners Association (ACBOA) has decided to postpone its decision to increase the price of bread and other bakery items by Rs. 10, after receiving assurance from the Government that it would control the price of wheat flour in the market.  Speaking to The Sunday Morning, ACBOA President N.K. Jayawardana said that the decision was made following a discussion held with State Minister Alagiyawanna and top officials of the CAA.   He added: “Alagiyawanna agreed to provide a solution after having discussions with the wheat flour companies.”  Previously, the ACBOA said that they would increase the price of a loaf of bread by Rs. 10 after the price of wheat flour increased by Rs. 18 from 27 June. 

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