18 May, 2024

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Is Cargills-AMUL JV Creating A Dairy Monopoly?

By Amrit Muttukumaru

Amrit Muttukumaru

I am amazed that a reported ‘Government-to-Government’ Dairy venture between India and Sri Lanka has singled out one company – Cargills (Ceylon) PLC with its ‘Kotmale’ and ‘Cargills Magic’  brands to effectively sound the death knell for other private sector brands which include ‘Elephant House’, ‘Ambewela’, ‘Rich Life’ and ‘Pelwatte’ not to mention the state owned ‘Highland’ brand. As it is even now Cargills with over 500 ‘Food City’ outlets has the capacity to undermine competing brands.

The ‘Daily FT’ (13 October 2023) as usual without any critical analysis has its front page news item  Cargills (Ceylon) Plc to hold 49% stake in Indo-Lanka dairy ventureembellished with a picture after the signing of the ‘agreement’ in the presence of also President Ranil Wickremesinghe and India’s External Affairs Minister Dr. S. Jaishankar stating:

Cargills (Ceylon) Plc Deputy Chairman/CEO Ranjit Page (right) holding the copy of the agreement signed involving Indian National Dairy Development Board, the Gujarat Cooperative Milk Marketing Federation of India (Amul), on Wednesday in the presence of President Ranil Wickremesinghe, Foreign Affairs Minister Ali Sabry and the visiting India’s External Affairs  Minister Dr. S. Jaishankar

Questions that arise include:

1) Why is India’s ‘AMUL’ (The Taste of India) one of the largest dairy companies in the world with a global footprint with heavy advertising also on CNN interested in a relatively insignificant Sri Lanka market?

2) Why is a Government-to-Government’ venture not dealing with the state owned ‘Milco (Private) Limited’ and the ‘National Livestock Development Board’ (NLDB) to develop the dairy industry as a whole to give a ‘level playing field’ to all ‘players’?

3) Is this a precursor to other questionable involvement with India? 

4) What are the implications to local livestock if the project involves imports from India?

5) What does it say about Sri Lankan dairy companies that have not taken issue on this matter? Are they afraid of upsetting unelected President Ranil Wickremesinghe?

Controversy

Cargills (Ceylon) PLC is not without controversy. This includes:

1) The purported Police inquiry on the vicious attack on an alleged female ‘shoplifter’ by ‘Food City’ staff.  Video of Cargills staff brutally assaulting female goes viral. After this incident went viral, there is now ‘radio silence’ like most things in this country. Political influence?

2) Why does ‘Cargills Bank’ continue to be a ‘private’ entity more than 10 years after it obtained its CBSL license? Does it relate to flouting with impunity statutory laws applicable to ‘single party’ ownership of commercial banks? Recently appointed SEC Chairman, Faizal Salieh was an ‘independent’ board director of Cargills Bank from April 2015 to August 2022. Could he throw some light on this?

3) In the context of Cargills being a PLC (Publicly owned) company, companies owned by the wife of Ranjit Page supply ‘Food City’ outlets with a range of bakery and pastry products notwithstanding the appalling ‘conflict of interest’. Some ready-to-eat items have a monopoly. Unlike in the case of other suppliers, RETURNS are not accepted. I also understand that payment is FAST TRACKED for her companies. 

4) Why has Ranjit Page (nothing gets past him at Cargills) sent a‘WhatsApp’ message to ‘Food City’ managers instructing them  below my PICTURE taken from a truncated version of my ‘Colombo Telegraph’ article Ranil’s Mythical Access To Global Finance & Political Longevity Is Media Creation:

“Please inform your Executive team this person not engage our staff and not to help.” 

(no reason given)

Staff at ‘Food City’ outlets close to my residence who were previously cordial are so SCARED of Ranjit Page due to the CCTV that they now literally RUN AWAY when they see me!

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Latest comments

  • 18
    4

    To add to the many questions without answers posed by the author;
    Is a population of 22 million a few hundred KMs away an insignificant market for Amul’s dairy products?

    What is Amul’s business plan for SL? Possibly establish dairy production and create jobs in SL? Is there potential for SL to export SL made Amul products?

    • 14
      4

      ” has singled out one company – Cargills (Ceylon) PLC with its ‘Kotmale’ and ‘Cargills Magic’ brands to effectively sound the death knell for other private sector brands which include ‘Elephant House’, ‘Ambewela’, ‘Rich Life’ and ‘Pelwatte”……
      I cannot speak for everyone, but in my personal opinion, people who claim to be acting solely in the interest of the public should not involve the public in their private vendettas, especially if they have been employed in the past for familial reasons by the very persons and companies they attack now.
      Written without prejudice. Peace to all.

      • 6
        15

        fuzzywuzz

        1) How can one have a productive discussion on the PUBLIC INTEREST or on any subject with persons groveling under cover of ANONYMITY to please their sponsors?

        2) What can one say to those AFRAID to speak out even when they are adversely affected by the creation of a MONOPOLY and dismantling of a level playing field?

        3) Sri Lanka may be the only country in the world which ACCEPTS the head of a leading audit firm being the head of the leading business chamber.

        4) Duminda Hulangamuwa who is the Managing Partner of Ernst & Young in Sri Lanka is also the Chairman of the Ceylon Chamber of Commerce!

        5) How can an auditor be INDEPENDENT when coalescing with business chambers?

        6) Sri Lankans do not seem to know or even care about the rudiments of ‘CONFLICT OF INTEREST’ which is the ‘MOTHER’ of most corruption.

        Amrit Muttukumaru

        • 7
          3

          Amrit Muttukumaru,
          When you pay attention to the message devoid of the messenger, the discussion turns more productive.

          • 4
            14

            fuzzywuzz
            .

            1) Since the companies are PLC their INTEGRITY is in the PUBLIC INTEREST.
            .

            2) Since you mischievously refer to “familial” matters and “vendettas” I am COMPELLED to disclose that at a difficult time ‘businesswise’ for the ‘Page’ family, the patriarch of the family – Albert Page IGNORING ALL his children including his eldest son Anthony Page (Baba) who was already employed at publicly owned Ceylon Theatres Limited (now CT Holdings PLC) invited me (at the age of 33) to join him as a non-executive director in July 1979. At this time I was a senior manager at ‘Ceylon Tobacco Company’.
            .

            3) CT Holdings PLC is the ‘holding’ company of Cargills (Ceylon) PLC under which falls ‘Food City’.
            .

            4) Hence, the INTEGRITY of the companies falling under CT Holdings PLC is PERSONAL to me. In my CT article (above) I have given some examples of the ‘conflict of interest’ of Ranjit Page. He is so SCARED that he has instructed ‘Food City’ staff not to speak to me!
            .

            (continued Below)

            • 3
              13

              Fuzzywuzz (continued from above)
              .

              5) I DEMAND that you come clean and reveal your IDENTITY.
              .

              6) I am SADDENED by the need for this note which I have kept BRIEF due to space constraint.
              .

              7) I invite any member of the ‘Page’ family to REFUTE any of the above.
              .

              8) I do not want readers to lose FOCUS on “Is Cargills-AMUL JV Creating A Dairy Monopoly?”
              .

              Amrit Muttukumaru

            • 9
              3

              Mr. AM is stating that a PLC is publicly owned, which is not the case . It is owned by its shareholders. Some of these shareholders may own many more shares than others. For ex. Mr. Dhammika Perera owns most shares in Vallibel, and he is generally called the owner.
              However, I note that Mr. Amrit talks much about conflict of interest, but he himself is a director of Cargills. So, is it not a conflict of interest to try and damage the good name of Cargills? This JV with Amul will make more earnings for Cagills PLC, is Mr.Amrit objecting to that?

            • 11
              5

              Mr. AM,
              I have not mentioned you ANYWHERE in my comment above. But you are welcome to wear the hat if you think it fits.
              Still, since you do insist on this charade about “public interest” , I am SADDENED to point out that you REVEALED YOUR CONNECTION to Cargills only when I mentioned it. However, you have NOT REVEALED how you are CONNECTED TO THE PAGE FAMILY who have employed you since 1979. I dont want to cause you public embarrasment, but your frequent use of words like “anonymous commenters”, “integrity”, “nepotism”, etc provoke me to probe further.
              Peace.

      • 11
        4

        Fuzzywuzz, for unknown reasons AM forgot to mention , Land Registry and BASL, his usual targets.

        • 9
          4

          Mr. Chiv,
          ” AM forgot to mention , Land Registry and BASL, his usual targets.”
          Yes indeed. Mr AM in his old age seems to want to stir u more controversy over things he doesnt understand.

      • 0
        1

        Something else that I have noticed:
        .
        Not a single Cargills shop stocks ‘Rich Life‘ yogurt, although they stock other ‘Rich Life’ products such as as cheeses, liquid milk, (all use Tetra Pack Containers) and even butter.
        .
        I notice because if buying yogurt in “more environmentally friendly” large kilo containers, ‘Rich Life’ is cheaper.
        .
        One possible explanation: years ago the Purchasing Officer forgot that ‘Rich Life’ also make yogurt, and salesgirl managed to get the word across to that important “Sir” in the Head Office.
        .
        Panini Edirisinhe Bandarawela and Maharagama – but visiting many Colombo District shops

    • 5
      9

      To: Anonymous Commentators

      1) The FOCUS must be on “Is Cargills-AMUL JV Creating A Dairy Monopoly?” and whether it is in the NATIONAL INTEREST?

      2) I have no problem with personal/vicious attacks on me (not physical!) if the IDENTITY is known. The issue I have is with those doing so under cover of ANONYMITY. I consider this as COWARDICE and admission of DEFEAT.

      Amrit Muttukumaru

      • 7
        4

        Mr. AM,
        It may or may not be true that Cargills is creating a dairy monopoly. If this accusation came from SOMEONE WITH NO PERSONAL AXE TO GRIND, it would be credible.
        But you are yourself a DIRECTOR OF THE COMPANY. You are also a member of the controlling family. It would seem that you are using a public platform to attack your relatives with whom you HAVE PRIVATE DISPUTES.
        Furthe, as others HAVE POINTED OUT, you are acting against the INTEREST OF YOUR OWN COMPANY. Is that not CONFLICT OF INTEREST?
        Peace.

        • 3
          7

          Fuzzywuzz
          .

          1) There are essentially 3 criteria that matter:
          .

          (i) PUBLIC GOOD (ii) Verifiable TRUTH (iii) ‘Rule of Law’ if it is JUST
          .

          2) Questioning MOTIVE is futile. The MOTIVE of EVERY living being can be questioned.
          .

          3) Where does this leave people such as you who seek COVER under ANONYMITY?
          .

          4) Can a MONOPOLY be in the PUBLIC INTEREST?
          .

          5) Where on earth did you pick up that I am a ‘Director’ of the CORRUPT Cargills (Ceylon) PLC?
          .

          Amrit Muttukumaru

          • 9
            2

            Mr.AM,
            “Where on earth did you pick up that I am a ‘Director’ of the CORRUPT Cargills (Ceylon) PLC?”
            “3) CT Holdings PLC is the ‘holding’ company of Cargills (Ceylon) PLC under which falls ‘Food City’.
            Let us not be hair-splitting. You yourself claim you were invited to be a director in 1979.
            You are a member of the owning family.
            “CORRUPT Cargills (Ceylon) PLC?”
            That is priceless, don’t you think? Come off it, your motive is pretty clear.

            • 1
              6

              fuzzywuzz

              1) For the record I state that since 9 August 2007 further to my resignations I hold NO OFFICE in CT Holdings PLC or in any of its connected companies which include Cargills (Ceylon) PLC under which falls ‘Food City’.

              2) I re-iterate that irrespective of a person holding any office or not, there are essentially 3 criteria that matter:

              (i) PUBLIC GOOD (ii) Verifiable TRUTH (iii) ‘Rule of Law’ if it is just

              3) If these 3 criteria are met – questioning the MOTIVE is futile. EVERY living being has a motive.

              4) You are creating a DIVERSION on the question at hand: “Is Cargills-AMUL JV Creating A Dairy Monopoly?”

              5) Can a ‘Monopoly’ ever serve the Public Interest?

              6) There will be no further engagement with you unless you disclose your IDENTITY. I suspect that you are PROXY for the CORRUPT Cargills (Ceylon) PLC.

              Amrit Muttukumaru

              • 6
                0

                Mr. AM
                “EVERY living being has a motive.”
                EXACTLY TRUE. So, would being sacked by CT Holdings be a motive for some?
                “I suspect that you are PROXY for the CORRUPT Cargills “
                Unlike some, I have NEVER BEEN EMPLOYED THERE. My only motive is to stop unfair attacks on a popular company under cover of “corruption”.
                “There will be no further engagement with you “. Can’t STAND THE HEAT?
                Would you answer frankly ARE YOU A PAGE FAMILY MEMBER OR NOT?

                • 5
                  1

                  Though he claims he resigned , Question is was he fired ???

      • 4
        0

        AM,
        If you live your life in that cesspool you should be very clear about the reason for many of us to remain annonymous. That is not rocket science at all.
        /
        I do not appreciate your arrogance through your articles and comments, however the issue of dairy monopoly should be discussed with the specialists in food and beverage authorities of the country. /
        /while not doing so, It’s just bashing CT’s anonymous commenters with no choice, make alienated commenters like Sinhala Man overjoyed thinking he’s right about his ID hunting tactics *there is sinhala proverb / which says when pigs trample on KEKUNA, those fowls on tree tops overjoy about the chance for their fish grabs. It is believed, fish are always covered by Kekuna plants in those swumps*

  • 12
    1

    Amul is the largest consumer brand in India and is a USD 9 Billion company. The SL dairy industry is strapped for cash preventing investments in advanced technology. A JV between Amul and Cargills/Kotmale could potentially be hugely beneficial to the SL economy.

  • 4
    1

    nldb has more than 30,000 acres of lands and imported cattels. all resources available.
    but running at s loss. borrow money from government bank to pay salaries and other payments.

    milk shops are being closed. politiciations and there catchers have ruined nldb.

    cocunats trangala farms are only running at a profit . so best thing to j/v .

    what is the benefits to public ? only politicians are benefitted. only answer is j/v. m.r

  • 2
    2

    “A chamber of commerce is an organization of business owners and entrepreneurs who promote the interests of their local business community. Chambers of commerce provide access to valuable resources, discounts, and relationships that help businesses save money and market their products. “ Ernest and Young owes no duty to any other business regarding any of the clients it audits other than the client it audits. It is a private matter. If an organization is publicly traded, management must release its statements as prescribed by SEC (quarterly) and annually audited. A NPO must publish its statements on its web, or on other public places the prospective user can access. Or if a user calls the IRS, it will supply one or direct the company to supply one for the user. The user need not have any connection with NPO to get its statement. NPO prefers to go audited, but it is not required for all of them. Small companies barely go audited. But the accountant or the auditor drawing the statement will mention the fact on the statements as “Not Audited”. It is up to the IRS(IRD) to deal with that. As they are not public, the SEC has no say on that situation.

  • 3
    2

    I am not aware of any internal discrepancies or corruption existing in Ceylon of Commerce or in Ernst & Young if there are some. Ceylon Chamber of Commerce is a common organization for all businesses, including for Accounting and Auditing business. It itself is a private entity, NPO. Ceylon Chamber of Commerce is not under any special government act. It is legally not obligated to have any fiduciary duties other than its members as per the ways it mentioned in its Memorandum of Association (The Charter or the Constitution of the company). A short description of the purpose of CC is, it promotes all of its members. In Ceylon like a small country, even if you had not become a member of the CC or its other entities, if you take your problems to CC, they will help, and may possibly nag you to become a new member. If the CC Charter is not specially naming the industry and excluding it, or stipulates that an employee of any other organization cannot be its chairman, then there is no obstacle for Ernst and Young MD becoming the Chairman of CC.

  • 2
    2

    Further I do not think CC may be able to pay for Chairmen who are capable of maneuvering to the multifront needs CC has so, many of them are paid low for their jobs and they are mentally agreed volunteers for the remaining pay. Some of them may take the “Name Chairman of CC” as part of the package. I do not know how many of the past Chairmen were unemployed when they were taking up that job. Any Audit firm is not legally required to audit any Business. An auditor is only an employee of the organization he audits, but under a yearly contract. He/she is not required to bring any legal action against anybody, but because he will if they do not pay his employment fee. If this year your auditor has been a nuisance, you can nicely hire another one next year. So, the previous auditor will learn to be humble with the remaining clients. You can fire him in the middle of the Fiscal Year too, but only in one organization I worked for has that happened. Normally all businesses change their Auditor at the end of the Fiscal Year. Auditors need not to bring anything to anybody’s attention other he/she mention their fair opinion of what they saw.

  • 3
    2

    I have not heard of a business owner suing an Auditor claiming that his fair opinion was not really fair on his opinion and asking for the refund of the fee paid.
    The auditor is not from IRD, but IRD depends on his certification. IRD can question, ignore and re-audit themselves the organization they want, beyond the certification auditor’s summit. Any statement submitted by auditors to IRD or SEC, management is the first had responsible. The statements include lines declaring that the auditor has asked for and obtained from the management of all needed documents and explanations of the activities took place and they had read to management their opinion of the accounts and the management understand the financial and accounting implication of the statement. Then management signs the statement as the owner of the statement and auditor signs the statements as only audited the books or audited and wrote up the Financial Accounting Statements. IRD follows the US IRS path, then in addition to suspicious accounts, they may select randomly the taxpayers to be audited. To my knowledge there are no business activities crisscrossed or common between a Chamber Commerce and an auditor firm to conflict of interest arise. Ernst and Young may not audit the books of CC, but the Chamber of commerce will always support Ernst & Young, like it does to all other businesses.

  • 12
    5

    CARGILLS GROUP IS ONE OF THE OLDEST FULLY LOCALLY OWNED SRILANKAN ENTITY EMPLOYING A VAST NUMBER OF SRILANKANS FROM THE RURAL AREAS

    DESPITE THE CHALLENGES FACED ON MANY FRONTS THEY CONTINUE TO CREATE EMPLOYMENT OPPORTUNITIES BY EXPANDING THEIR ACTIVITIES WHICH FACT HAS TO BE APPRECIATED BY ALL .

    IF A SHOPLIFTER TURNS VIOLENT ,ACTION HAS TO BE TAKEN IN SELF DEFENCE TO SAFEGUARD THE STAFF AND THE INSTUTITION

    CARGILLS BANK WAS FORMED TO EXCLUSIVELY TO FUND AGRICULTURAL RELATED ACTIVITIES AND IS YET TO BE QUOTED IN THE STOCK EXCHANGE DUE TO REASONS BEYOND THE CONTROL OF THE PROMOTERS

    THE CARGILLS GROUP IS VERY MUCH INVOLVED IN MANY AGRI RELATED ACTIVITIES INCLUDING DAIRY FARMING AND IN MY VIEW IS BEST QUALIFIED TO TEAM UP WITH AMUL .IF THE BUSINESS RISK FACTORS COULD BE MITIGATED ONLY BY FORMING A MONPOLY ,LET US NOT HARP ON SAME FOR THE SAKE OF THE VIABILITY OF THE PROJECT

    BEFORE PUTTING PEN TO PAPER, FACTS NEED TO BE CHECKED AS WE SHOULD NOT UNDERMINE A GROUP WHICH IS PART OF OUR ECONOMY .

    • 5
      11

      Varuna Ratnasabapathy

      1) By stating – “IF THE BUSINESS RISK FACTORS COULD BE MITIGATED ONLY BY FORMING A MONPOLY” have you not ADMITTED that the Cargills-AMUL JV has created a ‘Dairy Monopoly’? Is this not against the NATIONAL INTEREST?

      2) Your selective intervention is economical with the truth. I state with RESPONSIBILITY that Cargills Bank has flouted with impunity statutory laws applicable to ‘single party’ ownership of commercial banks.

      3) Even in regard to the vicious attack on the alleged female ‘shoplifter’ by ‘Food City’ staff have you not been economical with the truth? Could you inform us on the outcome of the purported police inquiry?

      4) In the context of Cargills being a PLC (Publicly owned) company, you have overlooked the companies of the wife of Ranjit Page supplying ‘Food City’ outlets with a range of bakery and pastry products notwithstanding the APPALLING ‘Conflict of Interest’.

      5) You have also overlooked why Ranjit Page (nothing gets past him at Cargills) sent a‘WhatsApp’ message to ‘Food City’ managers instructing them not to speak to me! Was it FEAR?

      Amrit Muttukumaru

      • 9
        0

        I dislike getting into arguments with this author because of his paranoid attitude to criticism. But I cannot ignore this.
        Mr. Amrit is , as usual, kicking up a fuss about non-events.
        “Cargills (Ceylon) PLC with its ‘Kotmale’ and ‘Cargills Magic’ brands to effectively sound the death knell for other private sector brands which include ‘Elephant House’, ‘Ambewela’, ‘Rich Life’ and ‘Pelwatte’ not to mention the state owned ‘Highland’ brand. “
        The JV appears to be between NLDB and Amul. Kotmale, the Cargills brand, is priced on average 10% over Highland. So there is no way the JV can lead to a “monopoly”. AM for reasons of his own is cooking up fanciful interpretations. We only have to look at Cargills itself selling selected rice, flour, lentils etc at below market prices (sometimes even below the CWE). Has this resulted in a “monopoly” for Cargills? If the JV leads to production efficiency, and consequently price reductions, is that bad?

        • 0
          8

          old codger – ‘Cover-Up’ for Cargills
          .

          1) What CREDIBILITY does ‘old codger’ have when he says:

          “Telling the people the entire truth isn’t practical.”

          https://www.colombotelegraph.com/index.php/government-needs-to-change-course-in-national-interest/

          2) Has not another apologist for Cargills ‘Varuna Ratnasabapathy’ ADMITTED the creation of a MONOPOLY by stating “IF THE BUSINESS RISK FACTORS COULD BE MITIGATED ONLY BY FORMING A MONPOLY”? Is this not against the NATIONAL INTEREST by eliminating a level playing field for others?

          3) My response to Varuna Ratnasabapathy’ (ABOVE) clearly spells out examples of CORRUPTION at Cargills which is IGNORED by him and old codger.

          4) Corruption is so INGRAINED in this country that Sri Lanka may be the only country in the world which ACCEPTS the head of a leading audit firm being the head of the leading business chamber!

          5) Duminda Hulangamuwa who is the Managing Partner of Ernst & Young in Sri Lanka is also the Chairman of the Ceylon Chamber of Commerce!

          6) I CHALLENGE ‘old codger’ to REVEAL his IDENTITY.
          .

          Amrit Muttukumaru

          • 0
            7

            old codger – ‘Cover-Up’ for Cargills
            .

            1) ‘old codger’ under cover of anonymity is muddying the waters to cover-up the MONOPOLY for LIQUID MILK created for his sponsor Cargills (Ceylon) PLC.

            2) This means that other manufacturers of milk products using LIQUID MILK have to depend on the BENEVOLENCE of Cargills.

            3) This is consistent with old codger’s SHAMEFUL “Telling the people the entire truth isn’t practical.”

            https://www.colombotelegraph.com/index.php/government-needs-to-change-course-in-national-interest/

            4) At least another apologist for Cargills ‘Varuna Ratnasabapathy’ has ADMITTED the creation of the MONOPOLY by stating “IF THE BUSINESS RISK FACTORS COULD BE MITIGATED ONLY BY FORMING A MONPOLY”.

            5) I CHALLENGE ‘old codger’ to REVEAL his IDENTITY.
            .

            Amrit Muttukumaru

          • 5
            0

            AM
            I suppose this is what you mean by “corruption” ar Cargills: “you have overlooked the companies of the wife of Ranjit Page supplying ‘Food City’ outlets with a range of bakery and pastry products “
            So what? The Page family own Cargills, in spite of your blatantly false assertion that it is a Public company. PLC stands for Public Limited Company. They own at least 70% of the shareholding. You are trying to insinuate that this is the same as a chairman of an SOE giving business to his wife!
            https://www.marketscreener.com/quote/stock/CARGILLS-CEYLON-PLC-8173916/company/
            I would suggest that you look up the definitions and the facts before you go to town with one of your all-too-common vendettas.
            By the way, I still await your full estimate of the loss from the famous “bond scam”. But I am not holding my breath.
            Why would I want to reveal who I am? You have revealed yourself and got egg on your face from several quarters. I feel for you, Amrit, believe me. Use a nom-de-plume next time.

          • 4
            0

            It is obvious that we have permanent RW bashers and permament praisers to RAJAPAKSHES for some reasons.
            unfortunately, BOth types dont seem to be respecting facts.
            THis author by name Amrit M has always been against RW. This you will read in his hitherto lenghty comments/articles to any articles on CT or other.
            NO matter RW leadership brought any thing or nothing, he or the like would remain attacking him. NOw the JVPrs are again quiet after 2nd IMF installment was granted. if that ended up in vain, they would tear RW off into pieces. oNE another of that AM sort is DJ who is self/proclaimed to be a poltical scientist. BOth these men seem to have mutated genetics.
            /
            NOw about the comment he made on that everything should be clear ot eh nation / which is not practical on this any not even ENgland where democracy is said to be given the birth.
            i work for pharma industry in hige resposible position , we would not share all the bits with all, but they restrict to some groups only. THat is like that be it in politics or whatever the field it is. SO it is fully wrong to utter falshhoods about the truths that are known to our day today life.

        • 7
          0

          AM dear,
          “What CREDIBILITY does ‘old codger’ have when he says: “Telling the people the entire truth isn’t practical.”
          Isn’t that what you do when you conduct scurrilous campaigns against companies such as Cargills hiding your own connections with them?
          All you have to do is counter my arguments in a reasoned manner. You insist that a “monopoly” is bad. I have set out that it hasn’t happened so far with other Cargills items.
          From what others have written, it would appear that your motivation is a family dispute.
          So, please leave private matters out of a public platform

          • 1
            1

            OC.
            .
            “So, please leave private matters out of a public platform”.
            .
            Bandarawella clown will commit suicide immediately he got 🤣 to read this because he has always been explaining a lot about private life in his bold-text comments. .

        • 1
          3

          ” If the JV leads to production efficiency, and consequently price reductions, is that bad?”
          Not always good.
          I have seen undercutting of weaker competitors by price reductions (which need not be by efficient production methods).
          A number of brands have been bought over by waging a price war.
          Nestle is a champion in this game.

  • 3
    0

    Sonali,
    Here the class of Parliamentarians who install stature for Buddha.

    https://www.facebook.com/JaffnaMuslim/videos/289485763999930/

    What a dedication to Human riots, Freedom of scolding, economy destruction, ……….Bravery, patriotism, Illegal citizenship and illegally holding MP position……

    A true Sinhala Buddhist citizen!

  • 3
    1

    “Is Cargills-AMUL JV Creating A Dairy Monopoly?”

    While it is known that anti-competition legislation are lacking in Sri Lanka, whether Cargills-AMUL JV is Creating A Dairy Monopoly is a question to be answered by an SME. I’d imagine it to be a systematic, objective analysis based on widely established standards.

    • 1
      6

      old codger, fuzzywuzz & other Anonymous Apologists for your SPONSOR Cargills PLC
      .

      1) All of you are muddying the waters to COVER-UP the MONOPOLY for LIQUID MILK created for publicly owned Cargills PLC by the AMUL JV. This is clearly against the NATIONAL INTEREST.

      2) This means that other manufacturers of milk products using LIQUID MILK have to depend on the BENEVOLENCE of your sponsor Cargills PLC.

      3) This is consistent with your ‘partner’ old codger SHAMELESSLY stating “Telling the people the entire truth isn’t practical.”

      https://www.colombotelegraph.com/index.php/government-needs-to-change-course-in-national-interest/

      4) My response to another apologist ‘Varuna Ratnasabapathy’ (ABOVE) clearly spells out examples of CORRUPTION which is IGNORED by all of you. This includes corruption at CARGILLS BANK which has flouted with impunity statutory laws applicable to ‘single party’ ownership of commercial banks.

      5) Fuzzywuzz who seems to be a clone of old codger has even alleged that I have been “sacked by CT Holdings”. This is how DESPERATE all of you are. I emphatically state that I have NEVER BEEN SACKED by any company.

      6) I CHALLENGE you COWARDS to reveal your IDENTITY.
      .

      Amrit Muttukumaru

      • 1
        7

        To: My Countrymen
        .

        1) What the CLOWNS in Parliament, the media and those in CT who are mindlessly attacking me do not realize is that in the context of LIQUID MILK being the IDEAL nutrition particularly for CHILDREN, the ENTIRE country by this JV is going to depend SOLELY on Cargills (Ceylon) PLC for LIQUID MILK. CORRUPTION at Cargills exacerbates the problem.

        2) It is the pathetic nature of our private sector that other companies manufacturing dairy products using LIQUID MILK are silent!

        3) Is it any surprise that Sri Lanka may be the only country in the world which ACCEPTS the head of a leading audit firm being the head of the leading business chamber? Duminda Hulangamuwa who is the Managing Partner of Ernst & Young in Sri Lanka is also the Chairman of the Ceylon Chamber of Commerce! How an auditor can be INDEPENDENT when coalescing with business chambers escapes the attention of these CLOWNS and the IMF.
        .

        Amrit Muttukumaru

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