State wholesaler assures price uniformity for staple foods
The State Trading Organisation plans to cover labour and transportation costs.
10 Feb 2019, 9:00 AM
The State Trading Organisation announced Sunday that staple foodstuff will be sold on all islands at the same price as the capital Malé with effect on April 1.
Briefing the press, STO managing director Hussain Amru said the company plans to cover the cost of labour and transportation to bring down retail prices of rice, flour and sugar in the outer atolls.
The bulk of rice, flour and sugar sold in the Maldives is imported by the state-owned wholesaler and sold at prices set by the economic development ministry. Prices are significantly lower in Malé than the rest of the country due to transportation costs.
Eliminating price variations was a campaign pledge of President Ibrahim Mohamed Solih.
Become a member
Get full access to our archive and personalise your experience.
Already a member?
Discussion
No comments yet. Be the first to share your thoughts!
No comments yet. Be the first to join the conversation!
Join the Conversation
Sign in to share your thoughts under an alias and take part in the discussion. Independent journalism thrives on open, respectful debate — your voice matters.
