Beyond Turmeric: How Import Controls are Impacting Sri Lanka's Economy – Lanka Business Online
By Dr. Asanka Wijesinghe: Raw turmeric roots on the shelves of roadside vendors is a frequent sight nowadays. Thanks to the import controls, turmeric now fetches a higher price domestically; prices having soared by as much as 275% from Rs. 80 per kilo to Rs. 300 per kilo. The turmeric shortage, reports of adulterated turmeric powder, the ceiling price, black-market sales, and sensational stories of busting smuggling attempts are the manifestations of the impact of import controls. The recent waves of import restrictions imposed by the Sri Lankan government have different justifications such...
Source: lankabusinessonline.com