BIZ

Urea price to drop in mid June

Published

2 years ago

May 31, 2023

editor

The price of Urea fertilizer is to be reduced.

According to Minister of Agriculture Mahinda Amaraweera, the price of a 50kg Urea fertilizer bag sold to farmers by the two state-owned fertilizer companies will be priced at Rs. 9,000 from June 15.

“A bag of urea is sold by the private sector at Rs. 42,000 during the last yala season, has now been brought down by the private sector to Rs. 11,000. The reason for this was that the government took steps to provide a bag of urea to the farmers at a minimum price of Rs. 10,000,” the minister said.

BIZ

Tamarind prices skyrocket

Published

1 day ago

January 13, 2025

editor

A shortage of tamarind in the local market has led to retail prices soaring above Rs. 2,000 per kilogram in the Hatton area, reports say.

The retail price of a Tamarind kilo previously ranged from Rs. 350 – Rs. 400.
According to traders, the shortage is attributed to a poor tamarind harvest this season.

BIZ

New tax percentages for imported vehicles announced

Published

3 days ago

January 11, 2025

editor

The government has announced the import tax percentages applicable to vehicles imported from February 2025.

According to the gazette notification issued in this regard, excise duties ranging from 200% to 300% have been imposed on vehicles.

The gazette, issued by the President in his capacity as the Minister of Finance, is as follows :

G.N-2418-43-dated-10.01.2025-EX.SPL_.PRO-1 Download

BIZ

Rice import deadline ends

Published

4 days ago

January 11, 2025

editor

Sri Lanka Customs has announced that 167,000 MT of rice has been imported to Sri Lanka since the government has permitted imports.Customs media spokesman – Seevali Arukgoda has said that this includes 66,000 MT of Red Raw Rice and 101,000 MT of Parboiled Rice.

The deadline for importing rice ended at midnight yesterday (Jan 10).