Rapid increase in imports of sugar and sweets: CBSL

The Central Bank of Sri Lanka (CBSL) said today that the import of sugar and sweets has increased rapidly in January this year.

According to the latest report released by the Economic Research Department of the CBSL on foreign sector activity, USD 20 million worth of sugar and sweets have been imported in January 2020.

However, USD 57.5 million was spent on sugar and confectionery imports in January this year which is a growth of 186.9 percent in comparison.

Expenditure on food and beverage imports in January 2021 increased by 24.6 percent compared to 2020.

The Central Bank points out that imports of coconut oil, chillies and dhal have also increased.