Price hike in bakery products likely during festive season: Bakery Owners’ Assn.

23 March 2021 11:54 am - 3 - {{hitsCtrl.values.hits}}

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The prices of all bakery products might be increased during the upcoming Sinhala/Tamil New Year season due to the current taxes and price revisions, All Ceylon Bakery Owners' Association (ACBOA) President N.K. Jayawardene said.

He told the Daily Mirror that due to restriction on imports, excessive taxes and the increase in prices of ingredients are the reasons for the price hike.

The bakery owners are faced with an uphill task in running the bakery industry due to the price increase of a litre of imported palm oil, Mr. Jayawardene lamented.

He said in order to run the bakery industry smoothly, the government should take immediate action to reduce the import levy on palm oil.

"Palm oil is a key ingredient for the bakery industry, as it is utilised to make margarine which in turn being used in the bakery industry," Mr. Jayawardene added. (Chaturanga Samarawickrama)

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Comments - 3

Lol Tuesday, 23 March 2021 12:09 PM

No problems at all. Mr. 2500/- man giving us 5000/- RS.

Senior citizen Tuesday, 23 March 2021 12:27 PM

INCREASES OF ALL AND SUNDRY ON A DAILY BASIS .... EXCEPT INTEREST RATES FOR SENIOR CITIZENS .... HOW DO WE EXIST IN THE WINTER OF OUR LIVES ???

oil the palm Tuesday, 23 March 2021 12:41 PM

thats ok Mr. bakery president. bandula maama will include bakery products also in the Rs. 1000 sathosa reliefe package !

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Price hike in bakery products likely during festive season: Bakery Owners’ Assn.

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