2,000 bakeries closed – ACBOA

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All Ceylon Bakery Owners Association (ACBOA) said more than 2,000 bakeries were forced to shut down due to rapid increases in ingredients needed for bakery products.

Addressing the media, yesterday (5) after a meeting with Minister of Trade, Commerce and Food Safety, Nalin Fernando, ACBOA President N.K. Jayawardena noted that although the value of the dollar has gone down, the fact that it’s not being applied to the prices of wheat flour creates a huge crisis.

“Trade Minister should take necessary steps to protect small-scale bakers and take necessary steps to control egg prices in the market at a time when the price of an egg is rising very fast.

“The Minister told us to be patient since the main distributers of wheat flour have confirmed they will increase stocks to combat the shortage in a week,” he added.

They also drew attention to the problem of rising prices of margarine, which is essential for bakery products.  Meanwhile, the Minister has mentioned that steps will be taken by the Consumer Affairs Authority to find out about the prices of major companies who import margarine.

By Nabiya Vaffoor