Sri Lanka cuts import tax on maize to bring down prices amid a drought.

Sri Lanka has cut import taxes on maize, rice, flour, and fish, to bring down prices amid a drought, and also cut import taxes on wheat grain, the finance ministry said. Maize, which is a key ingredient of chicken feed will be charged a new 10 rupee special commodity levy replacing a 15 percent import duty, 15 percent value added tax, 7.5 port and airport levy, 2 percent nation building tax and a 35 percent cess. The various taxes totalled about 60 to 70 rupees per kilo of imported maize. The import taxes on maize slapped to give extra profits to domestic farmers and a grain collector cartel has been blamed by some analysts for protein malnutrition of kids.