Bakery owners will meet tomorrow to decide on the new price of bread after yesterday’s decision by private suppliers to raise flour prices by Rs. 8.33 a kilo.
Bakers’ Association President M.K. Jayawardena said the flour price increase was considerable and bakers would be meeting tomorrow to decide on a new price for bread and other flour-based items.
Private suppliers yesterday attributed the increase of the flour prices to the rising world market prices.
Mr. Jayawardena said high prices might make people to turn from bread to alternate food items and this would aggravate the plight of the bakers.
“The latest flour-price hike together with the ‘flour terrorism’ campaign might put the bakery industry in the hot oven,” he warned.
He was referring to a campaign led by Minister and National Freedom Front leader Wimal Weerawansa to encourage people to eat more rice instead of bread.
The price of bread was increased by Rs. 3 on September 10 raising the price of a loaf to Rs. 45. In 2000, the price of a loaf of bread was Rs. 8.50.