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    Home > Food News > Food Articles > Sri Lanka cancels import duty on milk powder

    Sri Lanka cancels import duty on milk powder

    • Last Update: 2021-08-26
    • Source: Internet
    • Author: User
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    Sri Lanka’s "Daily Financial Times" reported on August 11 that the Sri Lankan cabinet meeting on the 10th decided to take a series of measures to control the price increase of necessities
    .
    Cabinet spokesman and Minister of Mass Mediasaid that given the local market milk shortage and import business requirements based on global prices of milk powder price momentum, the government decided to abolish import duties on milk powder, in order to stabilize prices
    .
    He added that the government's decision to abolish a substantial amount of import taxes without passing the pressure on to consumers is a gradual and responsible approach
    .
     
    Private sector sources said that tax cuts accounted for only 40% of importers’ losses, and businesses still demand price increases for milk powder
    .
    Price milk powder imports
     
    Private sector sources said that tax cuts accounted for only 40% of importers’ losses, and businesses still demand price increases for milk powder
    .
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