Wheat flour wholesale price exceeds Rs. 400

Date:

The wholesale price of a pack of 50 kg wheat flour has risen up to Rs. 21,000, making the price of 01 kg Rs. 420, the All Ceylon Bakery Owners’ Association disclosed.

Despite the price being surged up to such an aggravating amount, there are no wheat flour stocks available in the country, driving the bakery industry into a serious crisis, Union President N.K. Jayawardena told media.

In the backdrop, many bakeries across the country have been closed, he added.

Nevertheless, contradictory to the bakery owners’ grievance, Trade Minister Nalin Fernando went on public record claiming that the price surge on wheat flour would be temporary and that the price will be dropped by a considerable amount once the ordered stocks are delivered.

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

Serious Allegations Surface Over Tax Manipulation in Import of BYD Brand New Vehicles

Samagi Jana Balawegaya (SJB) Member of Parliament Mujibur...

PM Unveils Plans for National Industrial Think Tank to Boost Rural Economy

Prime Minister Dr. Harini Amarasuriya announced that the Government...

Sri Lanka, Japan Hold Talks to Enhance Trade and Investment Cooperation

A high-level discussion was held on Thursday (24) at...

Sri Lanka to Waive Visa Fees for 40 More Countries to Boost Tourism – Minister Herath

Foreign Affairs and Tourism Minister Vijitha Herath announced yesterday...