Wheat flour price increased

Thursday, 26 April 2012 19:10

Price of one kilogram of wheat flour has been increased by Rs. 8.50 with effect from midnight today, sources said. The new price of one kilogram of wheat flour will be Rs. 98.50

Main share holders Prima and Serendib Flour Mills both raised their prices owing to severe losses incurred by the companies after fuel prices and electricity prices were increased in February this year.

Serendib Flour Mills CEO Sathak Abdul Kadar said that after prices were increased the exorbitant electricity tariffs and transport charges cost the company a massive loss of Rs 3.2 million each day.

Kadar said the exchange rate which rose dramatically from Rs.112 to Rs.134 by about 20% further cost severe losses. “We were bleeding. We suffered a heavy loss. The price increase was necessary,” he said.

Bread and other baked goods are also expected to shoot up in price due to the wheat flour increase, officials said. (OJ)

Comments

-0+2 # Mervyn Szilvah 2012-04-26 19:34

Subha anagathayak

-1+16 # fazan 2012-04-26 19:44

I guess no more election this year

-0+1 # weha 2012-04-26 19:43

Apitama Jayawewaaa !!!!!!

-0+20 # ZipZip 2012-04-26 19:47

Yippee! Now we will have another round of 'make it all from rice flour.'

-0+2 # da boss 2012-04-26 19:47

UPFA new topic : paan mila da?
Maw rata da? LMAO

-0+1 # Fusion 2012-04-26 19:50

Ela ela! Ohoma yang!

-0+1 # Calistus Jayatilleke 2012-04-26 19:53

When our Dana Rina wizard, came up with another great discovery that 350 string hoppers can be made from 1 kg of flour, we knew something is in the air. We will soon be able to hear a number of experts telling us the advantages of using rice flour and the disadvantages of eating bread made of wheat flour.

-0+1 # Sirisena 2012-04-26 20:02

Now the interval in the hell is over. Get ready to stand up side down. Expect Some more next week.

-0+2 # chandran 2012-04-26 20:24

Oh!!!!!!!!!!!!! !!!...........There is no Decreasing?................................................................................................................................................................................................................................................................................................................................................................................................??????????????????????????????????????????????????????????????????????

-0+1 # M.Z.M.Shafeek 2012-04-26 21:02

go ahead. carry on

-0+2 # joker 2012-04-26 21:03

go lanka go!!!!!!!!!!!!!

-0+2 # lankashantha 2012-04-26 21:04

Where is that minister and his challenge on TV?

-0+1 # mama UPFA_goast 2012-04-26 21:23

Now enoy with my government

-0+1 # C.K. Lankaputhra 2012-04-26 21:55

People gave them, returns are coming.

-0+2 # DeSelva 2012-04-26 21:58

we have excess food to export I heard during independence day celebration.

-0+2 # Ravi Seneviratne 2012-04-26 22:02

Lovely drive thru the covers , ela kiri kollo ,

-0+2 # wicks 2012-04-26 22:02

you all voted ...please enoy now....I will give u more happiness in upcoming months just to feel wonder of asia

-0+2 # Patriot 2012-04-26 22:10

HAPPY NEW YEAR!!!!!!
Many more on the way......

-0+2 # sdfdddd 2012-04-26 23:36

our people must understand trend is dangerous !

-0+1 # shace-UK 2012-04-27 01:15

This is crazy!!! 1.5 Kg flour in UK is 52 pence which means 1KG is only 70 Rupees.

-0+1 # RajasH 2012-04-27 01:24

another mosque incident another price rise

-0+0 # Sri Minnal 2012-04-27 01:42

Put the blame on the exchange rate. Can we still live on a Rs:7,500 income for a family of three.

-0+0 # senna 2012-04-27 03:13

are we going to see gap between have and have nots increase under chintanaya

-1+0 # Sam 2012-04-27 03:21

It is good.We should give local products first priority. We do not need American flour here. It is good decision by government.

-0+1 # citizen1 2012-04-27 04:23

This is to pay off the new Korean loan interest!!!

-0+0 # road runner 2012-04-27 05:20

stop pity thrasthavathaya .

-0+0 # Hoodwinked 2012-04-27 05:49

Dambula incidence was a good camouflage for this price increase. With more protest and hartals, watch the blind side for many more. Sympathies to those who are gullible.

-0+0 # Jayasri 2012-04-27 05:55

We have excess production of rice now. This is the only alternative. Let's eat rice based stuffs

-0+0 # Black Mamba 2012-04-27 06:45

This is the first of the thunderbolts they were talking about. More on the way,. Asubha Avuruddak wewa!

-0+0 # Banker 2012-04-27 07:08

Pearl of Indian Ocean

-0+0 # Fassey 2012-04-27 08:28

Many more happy returns for all those who voted.

-0+0 # Naleer 2012-04-27 10:14

President unaware of the price increment bcos he was out of the country all the occation.

-0+0 # Renu 2012-04-27 10:20

Tell the president that Flour was increased by Rs: 8.50 per Kg during his absence, and for him to revert decision.

-0+0 # worriedhouse wife 2012-04-27 11:53

Minister Bandula say 7500/= is enought for 3 people to eat
ask him how to do it when things are going up daily Can we know how many are in his family ?

-0+0 # shantha madawela 2012-04-27 12:34

well done, good work Jony....this is the way you treats your voters...

-0+0 # fayaz 2012-04-27 12:35

bulath kollayata chandha dhunayonge paramparawatama sapakaranawa!

-0+0 # chandran 2012-04-27 15:09

Thawathe deepalla................

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