Hard on the heels of the US sponsored resolution at the UN Human Rights Council in Geneva this week, Sri Lanka has gained a concession from the US on restrictions imposed on fuel imports from Iran.

Milk food traders have threatened to halt imports and close down packaging factories if the Government does not allow a price increase. Hit by the declining rupee value, importers say the decision by the Consumer Affairs Authority (CAA) not to allow a Rs 15 price increase for a 400 gram pack, was adding to their losses.