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Wednesday, November 14, 2007

Traders to import 300 tons of pepper from Sri Lanka

Colombo (PTI): Indian traders have contracted 300 tons of pepper import from Sri Lanka, an exporter said here on Wednesday.

As agreed upon the traders would receive 300 tons of pepper to meet their domestic requirement, a senior official of an exporting firm of the Island country said.

India has been importing duty free pepper from Sri Lanka from March 18, 2003, when import stood at 6,200 tons annually. Over the last two years the it has risen to 7,500 tons from 7,000 tons. However, stakeholders of the Sri Lankan Spice industry have now sought an assurance from the Ministry of Trade and Commerce here that no caps would be imposed for exports of the item to India.

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