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Cabinet nod to coconut oil imports

By Piyumi Fonseka

15 February 2017 12:44 pm - 4     - {{hitsCtrl.values.hits}}

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The Cabinet of Ministers has today approved a proposal to import 40,000 metric tons of coconut oil to control prices in the market.

It has also approved a proposal to reduce the Special Commodity Levy on imported coconut oil from Rs. 150 to Rs. 130 per kilogram and crude coconut/palm oil from Rs. 130 to 110 per kg.

  Comments - 4

  • Jans Wednesday, 15 February 2017 02:02 PM

    Everything Importing such as Rice Coconut Oil due to Incompetent of the MPsOfficials getting WagesDutyfree SUVsAll Perks for doing nothing via DM Android App

    hari Wednesday, 15 February 2017 07:16 PM

    Many Srilankans would like to return and start modern farms but the corruption at the clearance and import levy on equipment put them off from doing so.

    Blair Wednesday, 15 February 2017 11:54 PM

    A coconut oil exporting country is now importing c'nut oil. I think people can still manage with what is available in the country. why is cabinet approving drain jn forex.

    64x64

    GC Thursday, 16 February 2017 04:14 AM

    We are making foreigners, middlemen and politicians rich, and preventing the growers not have a good income even after a period of low prices. It won't be surprising if we lose more of the coconut estates that will be divided up to build new homes.

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