Bread price down

Irangika Range

The price of a loaf of bread was reduced by Rs. 3 from midnight yesterday.

The Bakery Owners’ Association of Sri Lanka (BOASL) announcing the price reduction, said that the new price of a loaf of bread will be Rs. 37. It was earlier Rs. 40, BOASL Chairman N.K. Jayawardene told the Daily News that the decision has already been informed to the bakery owners by the BOASL.

“Our members will reduce their prices, but it will take some time for the small-time rural baker to conform”, he said.

Members of BOASL will display a notice announcing the new rates, he further said.

The decision to lower bread prices came about after the Government removed a complete custom duty on wheat grain imports with affect from last Friday. Meanwhile, Prima Ceylon Limited has pledged the BOASL to reduce a kilo of wheat flour by Rs. 10.

Though the Serendib Lanka Company has agreed to reduce the price, it has not confirmed in writing yet.

In addition, the BOASL has requested all bakery owners across the country to reduce the prices of flour-based products proportionately to the bread price reduction.