July 25, Colombo (LNW): The All Ceylon Bakery Owners’ Association (ACBOA) is set to announce a possible reduction in the price of bread tomorrow (26).
Association president N.K. Jayawardena noted that a significant discussion was held yesterday (24) regarding the potential price cut, but no conclusive agreement was reached.
The deliberation on price reduction follows recent remarks by Minister of Trade Nalin Fernando, who cautioned that a control price for bread would be enforced if bakery owners did not reduce prices.
This has led bakery owners to reconsider the pricing of their products, including bread.
Jayawardena indicated that a final decision on the matter is anticipated to be made tomorrow.
