Wheat flour companies have been given a period of three weeks to show cause regarding the wheat flour price increase and the companies have also agreed to scrap the recent price hike.
Wheat flour would therefore be sold at the previous price with immediate effect, the Agriculture Ministry said.
Wheat flour companies increased the price of a kilogram of wheat flour by Rs 5.50 on Friday (6) while agents were notified to comply with the price increase.
Meanwhile the Consumer Affairs Authority (CAA) had stated that legal action would be sought against the increase of the wheat flour price without its approval.
However, representatives from the companies were called before the Cost of Living Committee yesterday (10) to show cause on the price hike.
Agriculture Minister P. Harrison said the companies had agreed to sell wheat flour at the old price during the meeting.
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