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Archive - Archive 2004 - July 2013

SMB monopoly items-Prices go down |01 July 2004

SMB monopoly items-Prices go down

 

smb monopoly items

These changes were first announced by President James Michel when delivering his 2004 National Day address on June 18 at Stad Linite.
The President said: “With a view to encouraging the greater participation of the private sector in trade, Government will start reducing the list of commodities which are presently under the monopoly of the SMB. As of 1 July 2004, the SMB will retain monopoly on only seven categories of commodities.”

With regard to the reduction in prices of certain monopoly items, President Michel said:

“The cost of living is a matter of preoccupation for all of us.  The reduction in Trades Tax which will come in effect in January 2005 will help to bring it down. Nevertheless the Government has already instructed the Seychelles Marketing Board to review the price of goods it imports. Prices will be revised downwards in two phases: next month (July) and in September.”
The following is the list of items whose prices will be reduced starting on Thursday:

Rice

Bulk
Regular Basmati 50kgs- from SR6.50 to SR6.00.
Pre-packed
Regular Basmati 5kgs – from SR36.50 to SR34.00.
Regular Basmati 1kg – from SR7.30 to SR6.80.
Regular Basmati 2.5kg – from 18.25 to SR17.00.
Premium Basmati 1kg – from SR14.00 to SR11.00.
Premium Basmati 5kg – from SR70 to SR55.00.

Milk powder

Nido milk powder 400gms –from SR16.80 to SR15.00.
Nido milk powder 900gms – from SR33.60 to SR30.00.
Nido milk powder 1800gms – from SR67.20 to SR60.00.
Nido milk powder 2.5kgs – from SR89.60 to SR80.00.
Carnation milk powder 400gms – from SR15.70 to SR14.00.
Carnation milk powder 900gms – from SR33.00 to SR29.50.
Carnation milk powder 1800gms – from SR64.10 to SR57.25.
Carnation milk powder 2.5kgs – from SR84.00 to SR75.00.

Oil
Sunflower oil 1 litre- from SR13.50 to SR12.00.
Turkey cooking oil 3 kilo tin – from SR30.00 to SR27.00.
Pure olive oil 1 litre – from SR42.00 to SR38.00.

Sugar

Pre-packed
Refined sugar 1kg – from SR4.30 to SR4.00.
Refined sugar 5kg – from SR20.75 to SR19.50.

Beef

Topside per kg – from SR43.10 to SR37.00.
Silverside per kg – from SR41.80 to SR35.00.

Chicken

Wings per kg – from SR33.60 to SR29.00.
Thighs per kg –from SR39.20 to SR35.00.
Drumsticks per kg – from 39.20 to SR35.00.

Fruits and vegetables

Garlic per kg – from SR18.00 to SR15.00.
Oranges per kg – from SR15.50 to SR13.00.
Red Apples per kg – from SR15.50 to SR13.00.

The seven categories of monopolies which will be left to SMB effective on Thursday, are:
fruits & vegetables, meat, oil, flour, rice, sugar, milk.


 

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