Wholesale price of sugar reduced

June 17, 2017 01:36 pm

The wholesale price of a kilogram of sugar has been reduced from Rs 99 to Rs 96 effective from today (17) in the local market, according to the sugar importers’ association.

This is in line with global market prices of sugar going down, they said.

Secretary of the association, Hemaka Fernando, stated that although the government had decided to increase the excise tax on imported sugar by Rs 10 per kilogram, sugar can be provided to consumers without a price hike.

He stated that they decided not to increase the price of sugar due to the stable prices in the global market and the sufficient stocks of sugar.

Therefore he also requested bakery owners to refrain from increasing the prices of bakery products.

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.