Sri Lanka says wheat flour prices not hiked

ECONOMYNEXT – The retail price of wheat flour in Sri Lanka has not been hiked, and the Consumer Affairs Authority has not given approval to raise prices from the midnight Friday, the government said.

Any price increase has to be approved by the Cabinet Sub Committee on Cost of Living and the Consumer Affairs Authority, Chandanie Wijayawardhana, Secretary to the Ministry of Economic Reforms said in a statement.

Tan Beng Chuan, Managing Director of Prime Ceylon (Pvt) Ltd, the milling and distributor of wheat flour in Sri Lanka has told her that no increase has been made, she said.

Finance Minister Mangala Samaraweera had complained to the Chairman of the Elections Commission that a stories published that wheat prices are going up by 8.50 rupees a kilo were false and misleading.

Sri Lanka is holding presidential election on November 16 (Colombo/Nov15/2019)