News
Promises of flour from Türkiye and Dubai as traders told not to increase price of bread
View(s):The Ministry of Trade has called bakery traders to hold back plans to increase bread and flour based products after assuring them to make arrangements to import flour from Türkiye and Dubai on credit basis.
The move follows after imports from flour from India have been halted in view of a decision not to export due to their domestic requirments. India also imposed a 20 per cent levy on rice exports with effect from Friday.
The Trade Ministry Secretary S.T. Kodikara said that the bakery owners have been told to hold back price increases for the next two weeks until credit arrangements are made for the import of flour.
He said that the small scale importers in Pettah also have been spoken to and requested to import flour until December for which credit facilities will be made available.
He said similar facilities will be made available for the two major companies involved in imports of about 80 per cent of the share.
The moves came as the bakery owners threatened to increase bread and flour based products in view of the increase of flour prices.
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