Prima Ceylon reverses Sri Lanka wheat flour price hike
ECONOMYNEXT – Prima Ceylon (Pvt) Ltd, said a recent increase in wheat flour has been reversed pending talks with the new government.
“As the newly elected President of Sri Lanka is making thebest effort to put the Sri Lankan economy back on a strong recovery path, while addressing many challenges, Prima Ceylon (Private) Ltd will assist the president’s endeavors by withdrawing the recent price increase, pending discussions with the new government.
“Accordingly, bakery owners and retail traders have been informed of the price reversal.”
Sri Lanka’s flour millers have been given state protection with high taxes on milled flour and lower taxes on grain.