Colombo (LNW): The government plans to acquire sugar stocks previously imported at a 25-cent levy and sell them through Lanka Sathosa, supermarkets, and Cooperative outlets at a fixed price of Rs. 275 per kilogram within a month, Trade Minister Nalin Fernando announced.
The Cabinet has approved this initiative to address the sugar shortage in the market.
The identified sugar stocks will be allocated to Lanka Sathosa, other supermarkets, and selected cooperatives for regulated sale.
Once the government takes over these stocks, the controlled price on sugar will be lifted, as future sugar imports will be subject to a special commodity levy of Rs. 50, the Minister noted during a briefing in Colombo.