Sri Lanka mandates state agencies to purchase brown sugar to alleviate losses at Lanka Sugar Limited: Report - ChiniMandi

Sri Lanka to spread sugar SOE losses to health, prisons, military

ECONOMYNEXT – Sri Lanka’s cabinet has made the purchase of brown sugar mandatory to the state agencies like the military, police, hospital and prison systems to help sell the products of state-run Lanka Sugar Limited, spokesman Nalinda Jayatissa said. Lanka Sugar was made with Sevenagala and Pelwatte sugar expropriated from private investor including stock market investors by the ousted Rajapaksa regime. Unsold brown sugar had been piling up at …

Sri Lanka mandates state agencies to purchase brown sugar to alleviate losses at Lanka Sugar Limited: Report - ChiniMandi

Sri Lanka’s cabinet has mandated that state agencies, including the military, police, hospitals, and prisons, purchase brown sugar from Lanka Sugar Limited to help boost sales of the state-run company’s products, according to spokesman Nalinda Jayatissa, reported Sri Lanka based Economy Next portal. Lanka Sugar’s operations include sugar factories at Sevenagala and Pelwatte, which were expropriated from private investors, including stock market …