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Tuesday, May 24, 2022

Nearly 1,700 containers of essential items stranded at port

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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.

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.

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.

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