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Companies refuse to lower egg carton prices

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Egg producing companies have yesterday (20) rejected a request made by the government to reduce the price of packaged eggs sold in supermarkets.

The government officials made the request during a discussion held at the Ministry of Trade.

However, the companies have indicated that they cannot reduce the price due to various types of taxes.

A packet of packaged eggs is sold at Rs.650 in supermarkets.

Meanwhile, the All Ceylon Egg Producers Association has also requested the Trade Ministry to remove the controlled price imposed on eggs. The Association has proposed to revise the price if the controlled price cannot be removed. It pointed out that eggs cannot be provided at the controlled price due to the increase in the cost of production.

However, the Consumer Affairs Authority (CAA) has already conducted about 100 raids over selling eggs exceeding the controlled price.

The main companies that produce such packaged eggs are Switz Lanka (Happy Hen), Nel Farms, Arogya Farm (Omega) as well as Cargills, Keells and Arpico.

Meanwhile, the sale of biscuits went down after biscuit manufacturers increased the price of their products arbitrarily. Following the decrease in sales, the manufacturers themselves decided to reduce the price of their products.

Economic experts are of the opinion that in order to overcome the severe economic difficulties that Sri Lanka is currently facing, including the USD shortage, the people should purchase goods from small-scale manufacturers and traders instead of buying from major manufacturing companies, including multinational companies.

The economists point out that multinational and large companies are more willing to source raw materials from abroad.

Similarly, the amount of money that these companies send to their origin countries in the form of USDs can be reduced if consumers can make more purchases from local traders.

It was us at ‘Sri Lanka Mirror’ who first revealed that packaged eggs are being sold at exorbitant prices despite the controlled price imposed on eggs and that supermarkets are also supporting this move.

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Only 50 Dollars to go to India by passenger ferry!

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Sri Lanka will commence the operations of the passenger ferry service between Kankesanthurai and Pondicherry on April 29, the Ministry of Ports, Shipping and Aviation said.

It said a passenger terminal is currently being constructed at the Kankesanthurai Port to facilitate the ferry service by the Sri Lanka Navy.

Ferry owners have mentioned during a recent discussion that they will be charging 50 US Dollars per passenger for a one-way trip, while allowing a passenger to carry baggage weighing 100kg. 

A ferry is expected to carry 150 passengers at a time and will take around 4 hours to travel from Karaikal Port in Pondicherry to Kankesanthurai.

Minister Nimal Siripala de Silva said that any businessman in India and Sri Lanka can join this passenger ferry service.

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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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