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Bakery products to cost less if wheat flour price is below Rs.270

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Reducing the prices of bakery products including bread and buns is impossible even if the price of a kilo of wheat flour is reduced to Rs.290, All Ceylon Bakery Owners’ Association President N.K. Jayawardena said.

He said that it is possible to reduce the price of bakery products only if the price of a kilo of wheat flour falls below Rs.270.

Mr. Jayawardena said that the bakery owners had to buy wheat flour from the black market at a price of more than Rs.300 and requested the government to reduce the price to Rs.250.

Accordingly, he said the prices of bread, buns and other bakery products can be lowered if the price of a kilo of wheat flour is reduced to Rs.250.

He further said that the two wheat flour companies that supply 50% of the wheat flour required by the bakeries should lower the price of wheat flour.

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