Nearly 1,700 containers of essential items stranded at Colombo port

Posted by
Check your BMI

Colombo, Jan 16 (AdaDerana) – As a result of the dollar shortage in Sri Lanka, it is reported that close to 1,700 containers of imported essential commodities are stranded at the Colombo Port for nearly two months.

The Essential Food Commodities Importers & Traders Association attributed the situation to the delay in issuing dollars to the banks by the Central Bank of Sri Lanka.

For similar articles, join our Telegram channel for the latest updates. – click here

Although several rounds of discussions were held with the related ministers and public officials on the matter, a proper solution is yet to be reached, the importers said further.

Reportedly, the delays in clearing the stranded essential items at the Colombo Port have led to a shortage of goods in the country, and this situation is expected to prevail in the future as well.

READ: Indian Foreign Minister and Lankan Finance Minister have fruitful online interaction

A meeting has been scheduled for January 18, with the Trade Minister to discuss the issue, the association added.

Meanwhile, local cement companies complained that the existing dollar shortage in the country has hampered their manufacturing activities and that they are unable to meet the demand.

A local cement company manufactures 230,000 metric tons of the product per month and imports 20,000 more metric tons.

However, in the face of the ongoing dollar crisis, the cement companies said they are facing challenges in importing cement and raw materials required for manufacturing cement.

Subscribe to our Telegram channel for the latest updates from around the world

The post Nearly 1,700 containers of essential items stranded at Colombo port appeared first on NewsIn.Asia.

Source: NewsAsia