US EditionPelwatte Sugar Crisis Deepens as Unsold Stocks Threaten Collapse - LNW Lanka News Web
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Pelwatte Sugar Crisis Deepens as Unsold Stocks Threaten Collapse - LNW Lanka News Web
Sri Lanka’s state-run Pelwatte Sugar Factory is facing a critical operational and financial crisis, with nearly 17,000 metric tonnes of unsold brown sugar piling up in its warehouses and the next sugarcane harvest looming. Lanka Sugar Company COO Nuwan Dharmaratne warns that without clearing the current sugar stock, the factory cannot process the upcoming harvest. “We’re struggling with an overdraft of Rs. 11.2 million and unpaid statutory dues …
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