Cabinet decides to sell sugar Rs. 275 per kg within next month

21 November 2023 06:53 am - 13 - {{hitsCtrl.values.hits}}

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COLOMBO (Daily Mirror) - Trade Minister Nalin Fernando yesterday said that the government will be acquiring the sugar stocks previously imported at a levy of 25 cents per kg and sell them through Lanka Sathosa, supermarkets, and Cooperative outlets at a price of Rs. 275 per kilogramme within a month.

He mentioned that the Cabinet has resolved to have the government acquire the sugar stocks imported under the 25-cent import tax. The plan is to sell these stocks through Lanka Sathosa and other supermarkets at a regulated price.

Addressing a media conference in Colombo, he said the government will take over the identified sugar stocks.

These sugar stocks will be allocated to Lanka Sathosa, other supermarkets, and selected Cooperatives for sale at the regulated price of Rs. 275 per kilogram over a period of one month.

He added they anticipate that this measure will address the current sugar shortage in the market. The aim is to ensure adequate supply of sugar to the market.

The Minister further explained that once the government takes over the stocks of sugar already imported at the 25-cents levy, the controlled price on sugar will be lifted. This adjustment is deemed unnecessary as subsequent sugar imports will fall under the special commodity levy of Rs. 50.

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Comments - 13

Peswadilla Tuesday, 21 November 2023 07:35 AM

What are your Qualification

Dee Tuesday, 21 November 2023 08:03 AM

Supermarket will sell at 275/- our educated ‘masses’ will go to Sunday fair, economic centers and so called ‘bazaar wholesalers’ and buy the same products at 300/-

Bandu Tuesday, 21 November 2023 08:54 AM

Thats good, so one month of bitterness till sugar next month.

Sivalingam Tuesday, 21 November 2023 08:58 AM

Cargills is selling above the maximum gazetted price.

Dee Wednesday, 22 November 2023 08:40 AM

There is bulk sugar at 275/- and the packeted ones at 330/- for elite ones as you! We buy bulk sugar at 275/- and bulk eggs at 35/-

eresh S kumara Tuesday, 21 November 2023 09:13 AM

What happened to Kanthale , Sewanagala

Mahila Tuesday, 21 November 2023 08:52 PM

Ask Mahinda

Mohamed Burhan Tuesday, 21 November 2023 09:19 AM

Good thinking Sir and good if previous sugar imported at levy 25 cts per kg part of stock is still available.Believe some of the importers would have already sold with a profit at present price of Rs.50 per kg.They are not to be blamed they are sugar importers and liable to make a profit if balance stocks are available at the previous levy of cts 25.Appreciate if any stocks available with Govt importer sell it through Sathosa till stocks are over.pls dont wait for 1 month to do this pks do it immediately.

VJ Tuesday, 21 November 2023 09:49 AM

Can you please explain why the import duty for sugar was reduced to 25 cents and then increased to Rs.50.00? I am sure there must a reason.

Bandu Tuesday, 21 November 2023 11:35 AM

VJ. Why are you asking the obvious.

Quolp Tuesday, 21 November 2023 02:10 PM

Oh.. lining up the whole cabinet ministers, placing a CABINET to sell sugar in front of Parliament, and leaving the seat to youth to conduct the parliamentary affairs, seems a wise

Sambo Tuesday, 21 November 2023 07:44 PM

This a very good decision. Confiscate the hidden sugar and don't pay them a cent. Our traders are so hungry for extreme profits.

Gundal Malosin Wednesday, 22 November 2023 02:40 AM

Local sugar eaten by Myna and Gobbaya! RW is ignorant to win a seat in Apaya!

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Cabinet decides to sell sugar Rs. 275 per kg within next month

Comments - 13

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