Coconut oil to be sold at a control price of Rs 450 per bottle – Bandula
Posted on April 12th, 2021

Courtesy Adaderana

Necessary steps have been taken to provide a bottle of quality, local coconut oil at a control price of Rs. 450, said Minister of Trade Bandula Gunawardena.

He mentioned this speaking at a media briefing held today (April 12).

The Minister further said, No matter what changes take place, a bottle of locally produced pure coconut oil, suitable for human consumption, will be sold for Rs. 450 through Sathosa and Cooperatives, until the end of this year.

We can come to such an agreement. Then there will be no price increase of coconut oil until the end of this year. We will enter into an agreement with the All Ceylon Traditional Coconut Oil Manufacturers Association to supply coconut oil at a price of Rs 450 without any shortage.”

Meanwhile, Sri Lanka Customs today re-exported 105 metric tons of imported unrefined coconut oil to Malaysia, which were found to contain carcinogens.

It was recently revealed that stocks of unrefined coconut oil imported by 03 companies – Ali Brothers, Edirisinghe Edible Oil, and Katana Refineries – contained the carcinogen Aflatoxin. It was confirmed through a second test that the relevant coconut oil stocks contain high levels of Aflatoxin.

Thereby, the Sri Lanka Customs ordered the relevant companies to re-export their coconut oil stocks.

One Response to “Coconut oil to be sold at a control price of Rs 450 per bottle – Bandula”

  1. Ratanapala Says:

    Minister Bandula Gunawardena is supposed to be a qualified Economist. He should understand that if he messes up with the supply and demand forces, somewhere down the line somebody has to take a loss and a fall. Controlling prices when the supply is not sufficient is simply outside these equations.

    The Ministers not well thought out utterences are now famous stock jokes!

    So far all what he has done by trying to control prices through gazettes has been a failure and has made not only himself but also the Pohottuwa Administration the laughing stock of ordinary people and not to speak of the belligerent and unhelpful Opposition! The end result is not helpful for the Gotabhaya Administration.

    It is far better to front up with the people and explain how the nation has to buckle down till at least the pandemic is well under control and the economy is in some shape and form.

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