State-owned sugar companies in Sri Lanka are caught in a huge surplus of unsold ethanol amid a steep fall in legally sold alcohol due to the country’s economic crisis coupled with tax hikes, State Minister for Investment Promotion Dilum Amunugama said, reports Economynext. The state-run Lanka Sugar, which operates the Sevenagala and Pelwatte companies, has … Continue reading Sri Lanka’s state sugar firms stuck with large stock of unsold ethanol