The All Island Bakery Owners Association says the price of a 1kg cake has increased above Rs.1,500 due to the shortage of eggs and the price increase of eggs.
President of the Association NK Jayawardena said a 1kg cake a month ago was sold at Rs.1,100 and has today increased to Rs.1,500, while the demand for cake during the festive season has increased by 25%.
He noted that small scale bakery owners have resorted to not baking cakes due to the associated cost.
Jayawardena said despite egg manufacturers warning of a possible egg shortage during the festive season, they have failed to meet the demand for eggs during this season.
