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No price increase in essential items during festive season - minister

There is no room for an increase in the price of essential items during the festive season, Co-operatives and Internal Trade Minister Johnston Fernando assured yesterday.


Minister Johnston Fernando

"All measures are in place to ensure that there will be no shortage of essential food items in the market during the festive season," he said.

The minister said that ample stocks of essential items have been stored in warehouses.

"This move will avert any essential item shortage during the festive season. Sufficient stocks of dhal, white sugar, canned fish, wheat flour, sprats and chillies have been imported to cater to the increasing demand during the festive season," the minister said.

"According to the long term and strong market strategy followed by the government, the prices of essential commodities in the local market are stable enabling consumers to make their purchases at concessionary rates. This scheme will further help to keep the prices of essential imported food items low," he added.

He said adequate stocks have been released by both government and private sector institutions to the market to avert artificial shortages of essential commodities.

He said that a buffer stock of essential items is always maintained by the government to avert a shortage and unnecessary price hike during the festive season.

"Co-operatives, Laksathosa, Sathosa branches and dedicated economic centres continue providing essential items to consumers at concessionary rates," the minister said.

"We have imported several items which are not produced in Sri Lanka to fulfill the increasing local demand during the festive season," the minister said.

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