Control price on sugar removed
Posted on November 2nd, 2021
Courtesy Hiru News
Internal sources have confirmed that the controlled price imposed on sugar will be removed, while a decision was also taken to import rice stocks.
Vice President of the Sugar Importers’ Association, Nihal Seneviratne stated that the decision was taken following a discussion with Finance Minister Basil Rajapaksa.
Expressing his views to Hiru News, Seneviratne stated that one kilogram of sugar will be priced at between Rs 135 to Rs 140 in wholesale and Rs 150 in retail.
He further stated that 976 essential item containers remain at the Colombo Port, while US$ 16 million are required to release the relevant containers.
Seneviratne further noted that the discussion with the Finance Minister was positive and they hope that relevant foreign reserves will be given to release the sugar containers.