The All Ceylon Bakery Owners’ Association (ACBOA) has decided to increase the price of a loaf of bread by Rs. 5 with effect from midnight tonight (17) midnight.
ACBOA had taken this decision as the price of Wheat flour was increased by Rs. 8 from midnight on 15 July.
Speaking to the media the President of the ACBOA N.K. Jayawardena said that the executive committee of the ACBOA has decided to increase the price of a loaf of bread by Rs. 5 as they did not have any other alternative when the price of wheat flour was increased.
Jayawardena also said that the price increment was only applicable to bread and not to other food items, so he requested from all the bakery owners to charge a fair price from the customers to cover their losses.
Meanwhile, The National Movement for Consumer Rights Protection (NMCRP) said that the price of wheat flour cannot be revised as the company wants, as the Consumer Affairs Authority (CAA) has imposed a control price of Rs. 87 under the provisions of section 20 (5) of the Consumer Affairs Authority Act No. 9 of 2003, the Gazette Notification No. 1975/68 of 14th July 2019.
“We request the Minister in charge of Consumer Affairs Authority, Buddhika Pathirana, to take legal action against traders who sell wheat flour at high prices,” the statement said.