Brown sugar at reduced prices at Lak Sathosa
Posted in Local News
Trade Minister Dr Bandula Gunawardena yesterday said that locally produced brown sugar will be made available for consumers at Lak Sathosa outlets islandwide at Rs. 115 per kilogramme from next week.
Addressing a press conference, Dr. Gunawardena said a kilo of brown sugar is priced at Rs. 150 – Rs. 165 at present at other supermarkets and retail stores.
“Brown sugar is less harmful to the body and those who are making sweetmeats for the upcoming Sinhala and Tamil New Year will certainly benefit by the price reduction,” he said.
(Source: Daily News)
The Trade Minister does not realise that by undercutting retailers with lower prices in loss-making Lak Sathosa,
he is driving 100’s of thousands working in the retail industry, out of their jobs.
Mr Minister, please, learn some economics – the theory of supply and demand.
We are not China, with a state-controlled economy.
Not yet.
Mr Minister, the losses made by Lak Sathosa are borne not by you but by the amude-wearing taxpayers of this country.