Staple food prices slashed
The State Trading Organisation has reduced the prices of staple foodstuff to rates before a hike caused by a subsidy cut in 2016.
04 Apr 2018, 9:00 AM
The government has reduced prices of staple foodstuff to rates before a hike caused by an unpopular subsidy cut in 2016.
The prices will be dropped with effect on April 5, the State Trading Organisation’s boss announced Wednesday evening after the government relaxed price controls.
“The change was made after President Abdulla Yameen considered complaints from the public,” STO managing director Ahmed Shaheer told the press, assuring that the lower rates can be maintained.
Sugar – MVR4 per kilo (down from MVR6.80)
Rice – MVR3.98 per kilo (down from MVR6.76)
Wheat flour – MVR2.98 per kilo (down from MVR5.26)
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