News

Import levy on wheat flour to be reduced

12 Dec, 2019

The import levy on wheat flour is to be reduced in the near future, the Government said today.

Cabinet Spokesperson Minister Ramesh Pathirana said that steps will be taken to remove the monopoly in the wheat flour import market.

He said that the gazette notice on the import levy will be issued soon.

The Government said that a portion of the paddy stocks purchased under the Government Paddy Purchasing Program-2018/2019 Maha season, have been released to the market through the private sector small and medium rice mills.

The Minister of Finance, Economic and Policy Development informed the Cabinet of Ministers regarding the steps taken to issue rice made from 42,000 MT of paddy remaining in the government stores.

Considering the agreement with rice mill owners the Cabinet of Ministers decided to set and maintain a Rs. 98/= maximum retail price and to supply rice to the market without any shortage.

Further it was decided to grant cabinet approval to import wheat flour until the harvest of Maha season is received. (Colombo Gazette)

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