Despite a huge 400,000 MT volume of rice supply has been discovered to be available within Sri Lanka's retail market at this very moment, an unscrupulous play within the system has resulted in a supply crisis, alleged Sri Lanka's Minister of Industry and Commerce on 20 February in Colombo. Minister…
Recording a pioneering initiative in Sri Lanka’s exports history, the country is moving to set up the first ever national level mechanism to overcome a daunting modern global trade issue it faces; Sanitary and Phytosanitary Compliance (in simpler terms, ‘export quarantining and other technical barriers’). “The Department of Commerce under…
Two leading experts from Geneva are now in Colombo for today's (20 February) pioneering session by Department of Commerce to work on one of the most technically demanding barriers for Lankan exporters, called by global trade as Sanitary and Phytosanitary (SPS) measures-in simpler terms 'quarantining and technical barriers'. Minister of…

New rice MRPs re-gazetted with local rates

Tuesday, 21 February 2017 14:17
As more imported rice began entering the market, the Consumer Affairs Authority (CAA) swiftly re-issued a new Maximum Retail Price (MRP) order on 17 February for three varieties of rice-this time, with the inclusion of locally milled rice clearly spelt. “The locally milled rice has not been included in our…
As imported rice volumes began feeding into domestic retail and wholesale channels, Minister of Industry and Commerce began making surprise visits to learn about the market status first-hand on the eve of 15 February. “There is no shortage of rice in the market as speculated” said Minister of Industry and…
The first day's turnover of the latest Lanka Sathosa outlet exceeds Rs 600,000-and Sri Lanka's largest state owned retail chain is now aiming at 500 outlets, as per its expansion plan. "Lanka Sathosa now employs more than 3500" said Minister Bathiudeen on 12 February in Muthur. Minister Bathiudeen was addressing…

Rice MRPs come into Force

Saturday, 11 February 2017 21:54
Ushering much needed order into the domestic rice market, the Consumer Affairs Authority (CAA) issued Maximum Retail Price (MRP) order for three varieties of rice on 8 February while the Minister in-charge issued a stern warning to errant sellers across the country. The order is effective February 8th –the same…
The Sri Lanka – Thailand Business Council visited Thailand from the 1st – 4th of February for B2B meetings and Bi-lateral talks with their Thai counterparts. The 11 Member high-powered business delegation from Sri Lanka met with members of the Federation of Thai Industries and Board of Trade of Thailand…
Three Swedish trade experts will be arriving in Colombo next week to meet and help Sri Lankan exporters striving for the Swedish market. The Department of Commerce (DoC) has made arrangements to bring in experts from the Swedish National Board of Trade to meet Lankan exporters in Colombo on Wednesday…
Maximum retail price of a kilo of rice has been announced at Rs 76 while the government geared for a critical retail battle it did not anticipate. “The Consumer Affairs Authority will act on errant traders who sell at higher prices” declared Minister of Industry and Commerce Rishad Bathiudeen on…