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Sugar producers' bitter struggle
Sunday Island
|June 01, 2025
What's the world coming to when the chief political face of the capitalist world order—US President Donald Trump—unapologetically adopts protectionist measures to save American industries and create jobs, and the 'Marxist' government of Sri Lanka draws heavy flak for baulking at resorting to tariff hikes to save a vital industry and prevent job losses? The emerging world order is topsy-turvy and full of contradictions!
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Sri Lankan sugar manufacturers are up in arms, unable to dispose of their stocks as the local market is flooded with imported sugar. They have been demanding a prompt government intervention to prevent the closure of their factories—an eventuality that will cause job losses and place the country at the mercy of sugar importers, with more forex having to be spent on sugar. Sadly, their efforts have been in vain. They are flaying the government for having reneged on its election pledge to protect the local industries and ensure their well-being.
This story is from the June 01, 2025 edition of Sunday Island.
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