Sri Lanka's milk import problem
21 Nov 2020
Sri Lanka's milk import problem
21 Nov 2020
Budget reiterates local production despite 2020 imports surpassing 2019
By Uwin Lugoda During the Budget 2021 reading on 17 November, Prime Minister and Finance Minister Mahinda Rajapaksa stated that a key policy priority of the Government is to gradually reduce the foreign exchange utilised on the importation of milk powder, which amounts to more than $ 300 million per annum (Rs. 55 billion), and to meet the increasing demand for liquid milk through domestic dairy production. “Directing the large foreign exchange outflow utilised in the importation of milk powder to local farmers and producers will result in an expansion of the agriculture sector and creation of alternative income sources for rural farmers,” the Premier stated.

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