Feed corn from Pakistan to Sri Lanka

Import duties on corn were reduced from US$0.22/kg to US$0.07/kg, taking into account poultry producers. This decision by the Sri Lankan government was taken following the release of maize feed imports from Pakistan in August. However, according to traders, the government has only issued import permits to some importers, who in turn produce maize at the Bureau for food promotion.

This means traders cannot sell corn directly to customers. Instead, they started selling it to the Food Promotion Bureau at an inflated price. According to traders, Pakistani corn is selling at US$42-44 per kg, increasing the market price significantly.

This government decision has caused dissatisfaction among traders who believe that they are depriving them of the opportunity to sell corn directly at a better price. They also believe that the price set by the Food Promotion Bureau does not correspond to the market price and is too high.

At the same time, poultry producers welcome the reduction in import duties on corn. This will allow them to reduce production costs and possibly increase the competitiveness of their products. However, they also expressed concern about the import restrictions imposed by the Agreement.

In general, the reduction in import duties on corn caused disagreement and discontent among traders and producers. The issue of the price and availability of corn remains relevant and requires new consideration by the government.