Wheat Flour prices go up: 2,000 small bakeries shut down

by Teena Marian 04-10-2022 | 5:45 PM

COLOMBO (News 1st) - The All Ceylon Bakery Owners Association on Tuesday (4) said that the two main wheat flour companies in Sri Lanka have reportedly increased the price of a kilogram of wheat flour by Rs. 13/-.

Chairman of the All Ceylon Bakery Owners Association N. K. Jayawardena speaking to News 1st said that no decision has been reached with regard to increasing the prices of bread and related bakery products.

"A kilogram of wheat flour sold by these companies will now increase to around Rs. 285/-," he said adding that given the shortage the black market price for a kilogram of wheat flour sold to bakery owners in Sri Lanka is north of Rs. 400/-.

He said that over 2,000 small-time bakeries, mainly in rural Sri Lanka, have been closed down due to the shortage of wheat flour directly impacting the loss of 4,000 jobs.