Thailand and Halal Council drive US Dollar revenue initiatives via Sri Lanka bilateral trade endeavours
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Imports are extremely important. Sri Lanka is struggling to adapt to a global trade environment strained by shipping issues, inflation, and skyrocketing commodity prices. The abrupt switch to all-organic farming may have exacerbated the crisis, but the motivation behind the transition - lowering foreign expenses on imports, of which fertilizer accounts for 1.6% - is potentially having long-term benefits for the country's agriculture, according to the confederation.
With fuel shortages raging across the country and prices skyrocketing as the currency rapidly depreciates and foreign reserves deplete, Sri Lankan citizens are facing, among other issues, difficulty accessing food.
Pulses Splitting and Processing Industry Pvt Ltd (PSPI), a leading grains and pulses splitter and processor in Sri Lanka, emerged winner at the recent 28th Annual NCE Export Awards 2020, taking home the Bronze award under the ‘Extra-Large Category’ for Agriculture Value Added Sector. Conducted by the National Chamber of Exporters of Sri Lanka (NCE), the awards ceremony was held at Shangri-La Hotel, Colombo, recently under the theme ‘Resilient Exporters’, to recognize and celebrate some of the best exporters in the country who have successfully endured and managed their businesses duri...