Cause for biscuit prices to rise?

COLOMBO (News 1st); The Lanka Confectionery Manufacturers Association said that the rise in prices of raw materials had led to the increase in prices of biscuits and related products.

Executive director of the Association Ashoka Bandara said the price of raw materials used in the production of sweets mainly wheat flour, vegetable oil, and sugar have increased by almost two hundred percent over the last few months.

He said unless the prices of their products were not increased in line with the increase in raw materials, they could not continue the business.

He said that The price of a kilo of wheat flour, which is the main ingredient used In the production of sweets, has increased by 277 percent from 77 rupees to 290 rupees. 

He went on to note that the price of a kilo of sugar has increased by 180 percent from 114 rupees to 320 rupees, and the price of vegetable oil has increased by 195 percent from 475 rupees to 1400 rupees.