The price of a loaf of bread has been increased by Rs 3 from midnight tonight due to an increase in the cost of wheat flour prices, the All Ceylon Bakery Owners' Association announced a short while ago.
“As the discount of Rs.225 given to the bakery owners for 50Kg of wheat flour was cut off by Rs.150, the price of 1 Kg of flour was increased by three rupees”, All Ceylon Bakery Owners' Chairman N.K. Jayawardena had told the Daily Mirror yesterday.
The subsidy was cut down as the price of wheat flour in the international market increased. Along with this price increase, the prices of other bakery products too will increase, he said.
The new price of a loaf of bread will be between Rs.41 to Rs.45. “There is drop about 50 percent of bread sales. We have to sell the bread through intermediaries”, he added.
“As cost of production has increased, the Association’s Executive Committee will decide tomorrow about the price hike. But definitely a price hike can be expected”, Mr. Jayawardena said.