COLOMBO: Sri Lanka’s expenditure on the import of dairy and dairy products rose by 18% from a year earlier to Rs. 44 billion during 2014, according to a report by the Ceylon Chamber of Commerce.
Imported volumes, however, had risen by only 3% to 71 million kilograms and the increase in import values was due to the higher import prices.
The pickup in volumes last year was on the back of a sharp decline in 2013, following issues regarding chemical contamination.
Export volumes of dairy and dairy products from Sri Lanka in 2014 fell to 595,000 kgs from the six-year high of 661,000 kgs in 2013.