Sri Lanka: Sri Lanka Reduces Import Duty on Maize - Corn for Six-Months Effective August 2023

  |   Attaché Report (GAIN)   |   CE2023-0018

Contact:

Office of Agricultural Affairs, Colombo   |   (011-94) (11) 249-8500

Link to report:

Sri Lanka: Sri Lanka Reduces Import Duty on Maize - Corn for Six-Months Effective August 2023
The Democratic Socialist Republic of Sri Lanka’s (Sri Lanka) Ministry of Finance, Economic Stabilization and National Policies recently introduced a Special Commodity Levy for three agricultural commodities: maize (corn), black gram, and green gram, effective August 18, 2023, for a period of six-months. The Sri Lankan government notified the new regulation in the Gazette of the Democratic Socialist Republic of Sri Lanka – Extraordinary (official gazette) No. 2345/64 on August 17, 2023. The introduction of the Special Commodity Levy (SCL) on maize (corn) reduces the import duty assessed on corn from Sri Lankan Rupee (LKR) 75.00 to LKR 25.00 per kilogram. Although the reduction in import duties for corn is welcomed by the international trade, U.S.-origin exports will be minimally impacted as U.S.-origin corn prices currently are higher compared to Indian-origin ones.
Exporting, Regulations & Requirements
South and Central Asia, Sri Lanka
Grains, Feeds and Fodders, Corn

Database Source:

Related Reports

View More
Attaché Report (GAIN)

India: Coffee Annual

FAS Mumbai forecasts marketing year (MY) 2025/26 coffee production (Oct/Sep) at six million 60-kilogram bags. A dry spell during January and February, followed by strong winds and excessive pre-monsoon rains in March and May,
Attaché Report (GAIN)

Canada: Grain and Feed Annual

Production of wheat, corn, barley, and oats is forecast to increase two percent year-over-year to 62.7 million metric tons (MT) in MY 2025/26 and area planted to grains will increase 2.2 percent year-over-year to 27.5 million hectares, according to Statistics Canada’s planting intentions survey.
Attaché Report (GAIN)

Thailand: Grain and Feed Monthly

Thai export rice prices experienced downward pressure and then slightly recovered after Songkran holidays, reflecting tariff changes and adjustments in the global rice market.