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Chicken prices go down

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The price of a kilogram of chicken which was Rs.1,500 in the recent past has decreased to Rs.1,080.

The poultry monopoly in Sri Lanka is held by five major companies namely CIC, Prima, Nelna, Crysbro, Bairaha and Pussella and these companies had the final say in deciding prices of chicken.

A small businessman related to poultry farming told the ‘Sri Lanka Mirror’ that it is now an open secret that these businessmen have very close relations with the leaders of the political sphere in Sri Lanka.

Therefore, he said that these companies also get the support of politicians to increase the price at will.

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Sathosa reduces prices of 10 items!

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In order to provide relief to the people, Lanka Sathosa has reduced the prices of 10 essential items with effect from today (24).

The revised prices;

Dry Chillies 1kg – Rs: 1,380
Garlic 1kg – Rs: 450
Sprats 1kg – Rs: 1,100
Chickpea 1kg – Rs: 555
Samba Rice (Local) 1kg – Rs: 199
Canned Fish 425g – Rs: 520
Big Onion 1kg – Rs: 119
Potatoes (local) 1kg – Rs: 270
White sugar 1kg – Rs: 210
Watana 1kg – Rs: 298

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Sri Lankan rupee appreciates further

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The Sri Lankan Rupee (LKR) further appreciated against the US Dollar (USD) today.

Announcing the official exchange rates, the Central Bank of Sri Lanka (CBSL) declared the buying rate as Rs. 311.26 per USD and the selling rate as 328.60 per USD.

Meanwhile, the Middle Rate of the USD/LKR SPOT exchange rate stood at Rs. 317.31 today.

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Milk Powder prices slashed

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Milk Powder importers have decided to reduce the price of imported milk powder products due to a drop in prices in the global market.

Accordingly, the price of a 1Kg and 400g packet of imported milk powder will be reduced by Rs. 200/- and Rs. 80/- respectively.

The price revision will be in effect from next Monday.

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