Bakery owners have agreed to reduce the price of a loaf of bread by Rs. 10, according to the Ministry of Trade.

This follows a decision by two leading flour manufacturers in Sri Lanka – Serendib Flour Mills and Prima, to reduce the price of wheat flour by Rs. 10 per kilogramme.

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Leading flour manufacturers in Sri Lanka – Serendib Flour Mills and Prima, have decided to reduce bread flour prices by Rs. 10 per kilogram effective from tomorrow (Feb.18).

“During 2024, we implemented an initial reduction of Rs. 10 per kilogram in bread flour prices. While the earlier reduction did not translate to lower bread prices, both institutions have now stepped forward with an additional Rs. 10 per kilogram reduction, bringing the total reduction to Rs. 20 per kilogram,” said Mr. Kalinga Wijesekera, Director Brand and Corporate Communications, Serendib Flour Mills.

“We have informed the Minister of Trade of the latest reduction, and sincerely believe the Bakery Association will pass on the benefit of this price reduction to end consumers through reduced prices of bread and other bakery items,” he added.

The Sri Lankan government has announced a comprehensive plan to settle the airline’s debt.

Delivering the 2025 Budget speech in Parliament today (Feb. 17),  President Anura Kumara Dissanayake said that the government will sign an agreement with the concerned banks and allocate Rs. 10,000 million for loan capital repayment in 2025, along with an additional Rs. 10,000 million for interest payments.

The Airline would be fully responsible for ensuring operating profitability once these legacy debt service costs are settled by the government, he said.