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Minister & relative involved in concealing egg stocks?

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Doubts are raised after the Sri Lanka State Trading Corporation (STC) announced that around 06 million imported eggs will be released into the market today and tomorrow (Dec. 13 and 14).

The decision comes in a backdrop where the price of an egg had increased upto Rs. 60 in the recent days.

Chairman of the STC – Mr. Asiri Walisundara says that the measure is being implemented on the directives of Trade Minister – Nalin Fernando, in a bid to control market prices and that consumers are able to purchase eggs at Sathosa outlets.

Meanwhile, News1st has reported that Minister Nalin Fernando himself has admitted that egg prices have increased. He had attributed the price hike to an artificial shortage created by concealing stocks.

The Minister has said that the Consumer Affairs Authority has been informed to inspect such places.

Meanwhile, leader of the National Consumer Front – Asela Sampath says that the biggest cool rooms in the country are located in Ja-Ela and are owned by a relative of the Trade Minister.

Noting that the relative is a major deciding force behind egg prices, Mr. Sampath questions whether it is the minister himself who had empowered his relative in this manner.

Mr. Sampath also alleges that it is the minister who had concealed stocks and then  created the market shortage and the subsequent price hike through his relative.

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1st stock of imported coconut milk to undergo clearance, lab testing today

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The first consignment of imported coconut milk under the Government’s raw material importation programme is scheduled to undergo clearance and laboratory testing today (31), as part of a coordinated initiative by the Plantation Industries Ministry.

This initiative, approved by the Cabinet, aims to supply essential raw materials to industries linked to the coconut sector, aiming to reduce domestic coconut prices and support local manufacturers. The consignment currently under clearance includes products equivalent to 200 million coconuts. They are in the forms of frozen coconut milk, coconut milk powder and chunked coconut with testa (non-copra), imported as part of the programme initiated in March 2025. The stock will be used primarily in the coconut milk powder industry, which has been facing raw material shortages. The Plantation Industries Ministry expects this move to reduce the pressure on local coconut supplies and contribute to a drop in retail coconut prices.

(dailynews.lk)

(Except for the headline, this story, originally published by dailynews.lk has not been edited by SLM staff)

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BoC employees to strike over unpaid incentives

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Employees of all Bank of Ceylon (BoC) branches have decided to walk out of service at 12.30 pm today (May 29).

The decision has been taken over the current management not taking the initiative to provide them with the 06-month incentive package approved by the Board of Directors, according to the Bank Employees’ Union.

Central Committee member of the Bank Employees’ Union – Najith Wijeratne, stated that they will initiate a token strike if this issue is not resolved by June 06.

BoC employees have also held lunchtime protests yesterday (May 28) in front of 22 branches in major cities islandwide.

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Imported salt released to market

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The National Salt Ltd. says that 2,800 MT of salt imported from India have been released to the market.

It says the food-grade salt stock, which arrived on May 23, is being distributed to the market through local salt sales agents for consumer sale.

The Ministry of Industry and Entrepreneurship Development states that Lanka Salt Ltd. is importing 10,000 MT of salt, while over 100 importers, including those from Pettah, are bringing in an additional 100,000 MT.

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