Sri Lanka allows sharp rise in food prices to ease shortages

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COLOMBO, Sri Lanka (AFP) — The Sri Lankan government on Friday ended price controls on essential foods in a bid to end black market trading as food shortages worsen amid a foreign currency crisis. The cabinet decided to free prices for milk powder, wheat flour, sugar and liquified petroleum gas hoping it would increase supplies. “Prices could go up by as much as 37 percent across the board, but it is hoped dealers will not […]