Special commodity levy of sugar and wet fish revised

Special commodity levy of sugar and wet fish revised - price of sugar

Source: http://www.sundaytimes.lk


Special commodity levy of sugar and wet fish have been revised, the Treasury informed today. Accordingly the special commodity levy on imported wet fish has been reduced by Rs 25.00 per kilogram as effective from today.

The Finance Ministry said that the decison was taken considering the recent bad weather condition which affected local fish production. With the inclusion of concession, price of imported wet fish has been reduced from Rs 75.00 to Rs 50.00 per kilogram. Currently Sri Lanka imports around 2,000 MT of fish per month for local consumption.

Meanwhile one kilogram of imported sugar has been increased to Rs 23.00 from Rs 13.00. Though this levy has been increased from Tuesday, there is no impact on the selling price of sugar in the market as the world market price on sugar is continuously declining. The FOB price of a kilogram of sugar was Rs 89.00 in October 2016 has now come down to Rs 69.00 per kilogram.