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No shortage of eggs ; won’t allow price hike – Minister

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Minister of Trade Nalin Fernando says that immediate legal action will be taken against the individuals who are hoarding egg stocks.

The minister pointed out that there is no shortage of eggs in the country, but some people are trying to portray that there is a shortage of eggs.

In the last few days, the Consumer Affairs Authority (CAA) had conducted raids in search of traders who were selling eggs at rates higher than the controlled price. In contrast, steps were taken to produce several traders who sold eggs at higher prices before courts and were also fined.

However, Ada Derana correspondents reported that eggs are not being sold within several parts of the island.

Meanwhile, the President of the All Ceylon Egg Producers’ Association, Sarath Ratnayake mentioned that it is problematic to sell eggs at the government’s controlled prices in view of the current market situation.

Further, he emphasized that if the price of Rs. 55 is given per egg, the shortage of eggs in the market can be avoided.

When inquired by “Ada Derana” in this regard, Minister of Trade, Nalin Fernando expressed that the government will not grant permission to raise the price of eggs.

(adaderana.lk)

(Except for the headline, this story, originally published by adaderana.lk has not been edited by SLM staff)

BIZ

Orange prices increased exponentially!

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The price of a kilo of imported oranges has increased to Rs.1,990, fruit importers said.

They said the prices of fruits including oranges have to be increased due to the increase in import costs and taxes.

A few months ago, three imported oranges were sold at a price between Rs.100 and 200.

Imported oranges are the most sold orange variety in the Sri Lankan market due to the export of Sri Lankan oranges.

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UDA urged to form ‘land bank’

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Minister of Urban Development and Housing – Prasanna Ranatunga has instructed officials to enlist all lands owned by the Urban Development Authority and form a land bank immediately.

The UDA owns around 1,008 acres of land and buildings with high market value located in major cities across the island and some such properties have been ursurped by certain indviduals.

The minister has pointed out that by enlisting all these lands under a land bank would minimise misuse of lands.

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BIZ

Auto Diesel price slashed

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The Ceylon Petroleum Corporation (CPC) has announced that the price of a litre of Auto Diesel will be reduced by Rs. 10/- from midnight today (05)

Accordingly, the new price of a Liter of Auto Diesel will be Rs. 420/-.

However, CPC states that prices of other types of fuel will remain unchanged. 

Meanwhile Lanka IOC says that they too will reduce the price of Auto Diesel by Rs. 10 from midnight today.

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