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Prices of bread & several essential food items reduced

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Prices of bread & several essential food items reduced

Prices of several essential food items have been reduced due to the strengthening of the Sri Lankan Rupee against the US Dollar.

The Essential Food Commodities’ Importers and Traders Association stated that the strengthening of the Sri Lankan Rupee has resulted in a drop in wholesale prices of imported food commodities by around 10%.

The Association further stated that thereby, the wholesale prices of imported Sugar, Dhal and Onions have been reduced by Rs.30 per kilogram.

Meanwhile, flour companies – Serandib and Prima have announced that the price of their Wheat Flour products will be reduced by Rs.15 per kilo from today.

The All Ceylon Bakery Owners’ Association has announced that the price of a 450g loaf of bread will be reduced by Rs. 10 from midnight today (08).

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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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