Apr 29, 2020

Ceiling price on white sugar removed

Sri Lanka has removed the ceiling imposed on wholesale and retail prices on sugar to assist importers as the Sri Lankan rupee depreciated amidst a spike in world market prices.

The consumer affairs authority (CAA), on Tuesday, reversed maximum prices imposed in 2018.

Under the regulations, importers were instructed to sell sugar at Rs 92 a kilo to wholesalers, while the maximum retail price (MRP) on unpackaged sugar stood at Rs 100, and packaged sugar at Rs 105 a kilo.