Lankapage Logo CP 18 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* Special Commodity Levy on coconut oil reduced by 20 rupees
Wed, Feb 15, 2017, 11:06 pm SL Time, ColomboPage News Desk, Sri Lanka.

Feb 15, Colombo: The Cabinet of Ministers has given approval to reduce the Special Commodity Levy the levy on imported coconut oil to maintain the coconut price in a certain level in the local market.

Coconut Research Institute has forecasted that the coconut harvest may decrease nearly by 14 percent from January to August 2017 compared to 2016 and it could cause an increase in price of coconuts. Therefore short term strategies should be implemented to maintain the coconut price in a certain level.

Accordingly, Minister of Plantation Industries Navin Dissanayake has proposed to amend the Special Commodity Levy enabling importation of 40,000 MT of edible oil required for four months to minimize the use of coconut for other products.

Accordingly the Special Commodity Levy on a kilogram of coconut oil has been reduced from Rs. 150 to Rs. 130 while the levy of a kilogram of crude coconut oil/crude palm oil is reduced from Rs. 130 to Rs. 110. Special commodity levy of a kilogram of palm kernel and refined palm oil will be reduced from Rs. 150 to Rs. 130.


ColomboPage - Recent 10 Stories ::
Sri Lankan President says people need to identify politicians who only think of power not the country
-- [7 hours ago]
Sri Lankan President congratulates President Putin on his election
-- [8 hours ago]
UNHRC adopts Sri Lanka's UPR report
-- [8 hours ago]
SLFP General Secretary personally opposes JO's no-confidence motion against PM
-- [9 hours ago]
Sri Lanka Finance Minister hopes to promote business climate with new tax system
U.S. terminates anti-dumping investigations on rubber products from Sri Lanka
Malaysian police rescue two Sri Lankan engineers duped into forced labor
Sri Lanka's delegation to the 37th Session of the UNHRC include three ministers
Arrest warrants issued against MPs Wimal Weerawansa & Jayantha Samaraweera
No UNP MP will support the no-confidence motion against PM - MP

Copyright © 2000, 2016 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.