Mar 21, Colombo: Prima Company (Private) limited, the monopoly in wheat flour trade in Sri Lanka has requested a price hike by 10 rupees per one kilo of wheat flour.

According to the company sources, a written request has been made with this regard to the Consumer Services Authority to which the approval is yet to receive.

The company says that the increasing of wheat prices in the global market and the shipping costs are the reasons for this decision.

Two months earlier, the company increased the price of one kilo of flour by 13 rupees. The retail price of one kilo of wheat flour is 75 rupees in the present market.

Poor weather conditions in wheat producing countries have resulted in shorter supplies of wheat flour and higher grain prices.