COLOMBO (NewsRadio); The All-Island Canteen Owners’ Association has decided to reduce the price of a packet of rice and other food items by 10 percent from tomorrow.
President of the Association Asela Sampath said the price reduction comes after the decrease in prices of several commodities including flour and chicken.
Asela Sampath meanwhile requested authorities to ensure that adequate food stocks are available in the market at concessionary rates.
Meanwhile, the All Island Bakery Owners’ Association has also announced that it is considering revising prices of bread and all bakery products following the reduction of wheat flour prices.
A special discussion will be held with the participation of representatives today.
When inquired by NewsRadio, President of the Association NK Jayawardena said the public will be informed of the decisions reached during the discussion.
He said they are hoping to reduce the prices of bakery items although they are not receiving wheat flour for the prices quoted in media.
Jayawardena said they have been informed that a kilogram of wheat flour has been reduced from Rs.320 to Rs. 298.
According, the prices of bread and other bakery items are expected to reduce from either today or tomorrow.
The price of a kilogram of wheat flour was reduced to Rs.250 at the Pettah wholesale market.
Spokesperson of the Essential Food Commodities Importers and Traders Association Nihal Seneviratne said the prices may come down further owing to the easing of import restrictions and world market rates.