Govt. takes measures to reduce CoL

6 December 2017 07:23 am - 16     - {{hitsCtrl.values.hits}}

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In an effort to contain the rising cost of living (CoL) especially the rising price of coconuts, the Cabinet yesterday decided to permit the import of coconut kernel to lower prices.

The soaring prices of coconut had impacted on 33 per cent of the cost of living while the price on rice had a 27 percent impact. The number of coconuts released to the retail market for household consumption had dwindled in recent years because of the surge in demand by industries manufacturing value added products such as cooking oil.

Against this background the government decided to permit the relevant companies to import kernel for their industries and thus allowing coconuts to be released to the retail market. At present, there are also restrictions in the quarantine laws to import coconuts.

The government has decided to take further measures for the import of rice to maintain stocks. (Kelum Bandara)

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  Comments - 16

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  • ANTON Wednesday, 06 December 2017 07:37 AM

    YES..... THEY WILL MAKE THIS A POINT TO GO ANOTHER WORLD TOUR.

    JP Wednesday, 06 December 2017 07:44 AM

    We are talking about the V2025 economic goals while no plan to have a vision for food security. V2025 is showing beautiful concrete jungles to Colombo and main cities while the agriculture development is narrowed down to just two pages with no specific action plan.

    mismanagement Wednesday, 06 December 2017 09:27 AM

    they never address curtain burning issues to eliminate the mismanagement (eg: SriLankan Airlines).

    ceylon Wednesday, 06 December 2017 09:27 AM

    this country still cant even produce food for its people.what kind of stupid development. via DM Android App

    Mahinda Wednesday, 06 December 2017 09:41 AM

    I wonder any of these policy makers would be alive until such time.fool the people with these stories.

    rajasenanayake712@gmail.com Wednesday, 06 December 2017 09:44 AM

    Why not allow the sale of coconut oil adulterated with palm oil since there is a shortage of Coconut oil. I dont know whether there are barriers legally for selling mixed oils but if so it is worth re-examining to permit mixed oils provided they are marked correctly as mixed with content percentages of the different oils mixed. R.M.B Senanayake Economist and Retd CCS

    SANTA Wednesday, 06 December 2017 09:49 AM

    YES _ SANTA CLAUS (and elections) IS COMING TO TOWN

    Arnold Wednesday, 06 December 2017 10:15 AM

    We must be one of the most stupidest countries in the world. We are blessed with all resources for agriculture, but we are dividing up the land into 10 perch blocks and building houses. Its long overdue for the government to start building affordable high rise housing projects and save the agricultural lands.

    voter Wednesday, 06 December 2017 10:21 AM

    If they reduce the allocation to parliament and reduce their waste then its easy.

    Sincere Wednesday, 06 December 2017 10:45 AM

    Appoint a Coconut Commission to look into the matter.

    Thilak Wednesday, 06 December 2017 11:18 AM

    Government better pull up its socks with regard to the COL with all the financial scandals it's going through pretty sure it will suffer, out of the ordinary set backs during an election.

    Sambo Wednesday, 06 December 2017 01:46 PM

    Man does not live on coconuts alone. Bringing down the price of coconuts will not bring down the COL. Also the authorities turned a blind when thousands trees were cut down by these cheap land sales companies and helped by politicians. They are the cause of all the problems in this country.

    Hesh Wednesday, 06 December 2017 03:48 PM

    Oh yes lets import everything. Lets sell every national business. And the export our people as intellectual slaves because we need dollars to pay for these imports.

    sss Wednesday, 06 December 2017 06:51 PM

    lol - menial labor like housemaids - interlectual labor - actually housemaids are sent to provide dollars for interlectuals who has done nothing to the country after more than 80 years of higher education

    Mewan Wednesday, 06 December 2017 03:49 PM

    Wow another achievement of this government. Import bloody coconuts?

    sss Wednesday, 06 December 2017 06:48 PM

    any more coconut lands going under useless palm trees


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