There will no longer be price controls on bakery products, including bread, from midnight today (21), the All Ceylon Bakery Owners Association announced.
Instead, the prices are due to be determined by the supply and demand, president of the Association, N.K Jayawardena said.
"By stating that there will be no more control prices, we are merely affirming that we will no longer be deciding prices for bakery products. It is not possible to do this any more as prices of goods increase by the day", he said.
Bakery owners will now be given the liberty to decide the prices of their products as per demand and supply and other contributory factors, Jayawardena noted.
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