Letter from importers to remove control price on sugar

Letter from importers to remove control price on sugar

(FASTNEWS | COLOMBO) – Several leading sugar importers have requested the Ministry of Finance to remove the control price imposed on sugar at a time when the market price of sugar has increased again.

They have made this request by sending a letter to Finance Minister Basil Rajapaksa.

Although a control price has been set for sugar, the price of sugar in the market has increased again.

The price of a kilogram of sugar has increased sharply to Rs. 230 due to the concealment of sugar stocks in the recent past.

Accordingly, a Gazette Notification was issued imposing a control price of Rs.122 per kilogram of white sugar.

However, the Consumer Affairs Authority stated that white sugar is being sold at Rs. 135 in the market today (19).

Market sources stated that although the Government has imposed a control price of Rs.125 per kilogram of brown sugar, at present a kilogram of brown sugar is sold at Rs.138.

The sugar importers stated that there is no white sugar in the market at present and only brown sugar is available.