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The sugar stories ‘missed’ by the media are BITTER

Summary

This is the real scandal. A tender was once cancelled because the lowest price was US$270 per ton, while the lowest London-origin price was $410 per ton.

Sugar is one of the country’s largest import commodities, where most profits are made. Media ‘scams’ divert from the sugar cartel that prevents direct imports from Cuba and the Americas, and instead import through London, adding at least 50% to the price. This is the real scandal. A tender was once cancelled because the lowest price was US$270 per ton, while the lowest London-origin price was $410 per ton.

This is the real scandal. Media also ignores the recent sugar scam’s link to Wilmar… Unilever is one of Wilmar’s main customers.

Contrary to media attempts to tarnish the government, the so-called sugar scam is linked to the import mafia and allied moonshine trade? A large proportion of sugar goes to the kasippu business.

Imports of sugar and confectionery items increased by 187% during January 2021, compared to Jan 2020, according to the Central Bank. The enhanced imports may relate to the ‘sugar scam’, and the reduction in duties on sugar imports.

Sugar should be locally produced, for we need to have a backup source in case of emergency, like sugar beet in Europe and the USA. Since sugarcane is water intensive, modern drip-irrigation and remote-sensing technology could reduce water needs.

Some ‘Leftish’ opposition critics cherry-pick data to show the entire import-restriction scheme is a sham. They make bizarre accusations that food prices have gone up because Gota became president. The import restrictions are strongest on seafood, dairy, cereals. Imports of these have reduced by 30% year on year.

[For more details of economies, economics and economists, visit www.eesrilanka.wordpress.com]

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