Importers considering re-exportation of milk powder stocks held at port

Importers considering re-exportation of milk powder stocks held at port

October 1, 2021   12:11 am

Local milk powder importers are looking to re-export the milk powder stocks to Indonesia and Bangladesh as Sri Lankan banks have not issued US dollars to release the stocks stuck in the port.

Central Bank of Sri Lanka (CBSL), yesterday (September 29) released USD 50 million to 02 state-owned banks in order to release the containers of essential items that are stranded at the port.

However, a discussion held between the Minister of Ports and milk powder importers last afternoon revealed that the issuance of US dollars by private banks will be delayed.

The Milk Powder Importers Association stated that it is expected to re-export the stocks of milk powder held at the Colombo Port as this issue has not been resolved as of yet.

Lakshman Weerasuriya, a member of the Association, said they were looking into the possibility of taking such a step as there was a risk of milk powder expiring.

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Most Viewed Video Stories

🔴LIVE | Ada Derana Midday Prime News Bulletin

🔴LIVE | Ada Derana Midday Prime News Bulletin

Gems and jewellery can become Sri Lanka’s 2nd largest export earner – NGJA Chairman (English)

No decision has been made to restrict vehicle imports -CBSL (English)

“Ignoring peoples' language rights led to an arms struggle” - Justice Minister (English)

FSP demands names of companies behind red-flagged containers (English)

LIVE🔴 Ada Derana Prime Time News Bulletin 6.55 pm

LIVE🔴Ada Derana Lunch Time News Bulletin 12.00 pm

Recommendations on admissions to KDU Medical Faculty: Annual admissions to be limited to 150 (English)