India limits rice exports, imposes 20 per cent tax

Date:

The importation of rice from India may be a problem in the near future following the neighbour country’s decision to restrict rice exports, the importers revealed, unravelling a risk of Sri Lanka losing rice exports amidst its worst economic crisis since independence.

Many essential food items including rice, lentils and b-onions are currently imported to Sri Lanka from India.

In addition to the export restrictions, Indian authorities have approved the imposition of a 20 per cent tax per kilo of rice.

Recently, India suspended the export of wheat flour leading to a limitless surge in the prices of wheat flour and bread. In some parts of the country, a loaf of bread is sold for Rs. 300. The Bakery Owners Association disclosed that over 300 bakeries were closed amidst the crisis.

However, the Trade Minister has a different opinion, going on saying that there is no shortage of wheat flour in the country and the prices of flour and bread, therefore, need not be increased.

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

Deaths in custody raise alarming concerns over Police conduct and accountability

Deaths in custody raise alarming concerns over Police conduct and accountability

Govt to distribute sanitary products in schools via certified suppliers to ensure quality and safety

Govt to distribute sanitary products in schools via certified suppliers to ensure quality and safety

Govt defends reintroduction of fuel pricing mechanism amidst financial challenges

Govt defends reintroduction of fuel pricing mechanism amidst financial challenges

Sri Lanka and the Netherlands advance talks on repatriation of colonial-era artefacts

Sri Lanka and the Netherlands advance talks on repatriation of colonial-era artefacts