News

“Sri Lanka to export milk powder to China next year “

Published

2 years ago

April 2, 2023

editor

Sri Lanka will achieve self-sufficiency in milk powder next year and create history by launching exports to China, said Chairman Pelwatte Dairy Industries (Pvt) Ltd, Ariyaseela Wickramanayake.

He told Sunday Observer Business that Sri Lanka’s milk powder imports have reduced drastically while local production has increased.

The quantity of milk powder imported in 2019 was 99 million kg, compared to 96 million kg in 2020. The quantity of milk powder imports in 2018 was 98 million kg, marking a drop of five million kg between 2018 and 2019, and a further two million kg drop between 2019 and 2020. The average milk powder import bill is around USD 400 million.

Last year only 12 million kilos were imported which saved around USD 350 million for the country. “This amount has further decreased up to now,” he said.

Wickramanayake, also said that successive governments have to be praised for encouraging more dairy farmers to get involved in the industry by increasing the price of a litre of fresh milk. “This happened four times soon after elections and the prices went up from Rs. 30 in 2005 where the country had around 200 million litres of fresh milk to Rs. 50 per litre and production increased to 250 million litres in 2010.

After the 2015 election the price per litre of liquid milk increased to Rs. 75 and local production increased to 350 million litres and today the total local fresh milk production is around 600 million litres and it is increasing. The farmer gets around Rs. 225 per litre of fresh milk. “Soon Sri Lanka will have a surplus and this is where we will look at exports.”

He said that recently the milk produced by local farmers was in excess of demand and some protested by throwing them on the streets.

“This is the time Pelwatte Dairy Industries stepped in and upped our production capacity and started collecting 150,000 litres of milk per day which was a colossal achievement and a great victory for the daily sector in Sri Lanka.” He said that they are investing around Rs. 1.5 billion and building a factory in Kurunegala and this would be ready by August. This factory will concentrate only on exports.

“When the factory is completed we will increase our local fresh milk intake to 300, 000 litres and then by early next year we will start powdered milk exports to China reversing the trends where Sri Lanka spent huge amounts of money for milk powder imports,” he said.

The company also created another major landmark when a consignment of Pelwatte Ceylon Butter was exported to the Maldives on Friday. “Next we will be exporting Pelwatte Ceylon butter to Japan.”

News

Faiszer Musthapha’s name gazetted as MP

Published

18 hours ago

December 11, 2024

editor

Former Minister Faiszer Musthapha’s name has been gazetted by the Election Commission as a National List MP of the National Democratic Front.

The NDF contested under the symbol of a Gas Cylinder at the recently concluded General Election.

2414-11_E Download

News

CID ordered to develop program to reimburse ‘Onmax DT’ depositors

Published

19 hours ago

December 11, 2024

editor

The Criminal Investigation Department (CID) has reported to the Colombo Magistrate’s Court that a total of 2,017 complaints have been filed by depositors who claim to have been cheated out of their money after investing in ‘Onmax DT,’ a private firm alleged to have been operating a pyramid scheme.

According to the CID, the total estimated financial losses incurred by the complainants amounts to around Rs. 2.96 billion.

During a hearing before Colombo Chief Magistrate Thilina Gamage today (11), CID officials disclosed that a total of 865 new complaints have been received since the last hearing, and that additional complaints continue to be received.

Nine suspects, including the directors of Onmax DT, appeared before the court for the hearing. The CID further informed the court that three other suspects remain overseas, and open warrants have been issued for their arrest.

Investigations against the suspects are being conducted under the Prevention of Money Laundering Act and the CID revealed that inquiries into two suspects have been completed and the excerpts of the investigations have been referred to the Attorney General.

Additionally, the CID officials informed the court that properties belonging to the suspected directors have been identified in foreign countries, including Australia, and investigations are being carried out in collaboration with the INTERPOL.

Colombo Chief Magistrate Thilina Gamage instructed the CID to immediately develop a program to reimburse the depositors who suffered financial losses.

The court ordered the CID to present an update on the progress of the investigation at the next hearing, scheduled for February 5, 2025.

(adaderana.lk)

(This story, originally published by adaderana.lk has not been edited by SLM staff)

News

New Naval Attaché at Chinese embassy in SL calls on Navy commander (Pics)

Published

19 hours ago

December 11, 2024

editor

The new Naval Attaché at the Embassy of the People’s Republic of China in Sri Lanka, Senior Captain Zheng Zhaoping called on Commander of the Navy – Vice Admiral Priyantha Perera at the Navy Headquarters on Dec.10.

During the ensuing meeting, they exchanged views on several matters of bilateral importance, and the cordial discussion drew to a close with an exchange of mementoes, as a gesture of goodwill and cooperation.

Director General Health Services, Rear Admiral Janaka Marambe, Director General Operations, Rear Admiral Buddhika Liyanagamage, Director Naval Operations, Commodore Aruna Weerasinghe and Defence Attaché at the Embassy of the People’s Republic of China in Sri Lanka, Senior Colonel Zhou Bo were present on this occasion.