nsb

Dec 19, 2016

Sri Lanka to import 10,000 tonnes of rice soon

Sri Lanka is to import 10,000 tonnes of rice and purchase 20,000 M-tonnes of paddy (both White rice and Nadu) from the Paddy Marketing Board (PMB) immediately to ease the shortage of rice which is anticptaed during the new year festive season as result of prevailing drought.

Minister of Industry and Commerce Rishad Bathiudeen has instructed Cooperatives Wholesale Establishment (CWE) under his Ministry to make arrangements to mill them at its earliest. The CWE is expected to start paddy purchase from PMB on Monday 19 December and thereafter start releasing this paddy to both government and private sector millers for processing. These freshly milled rice from millers will then be released to Lanka Sathosa, thereby successfully stalling any price increases. The freshly milled rice will be sold by Lanka Sathosa at a competitive Rs 78 per kilo.

Previously on 14 December, the Ministerial Committee on Economic Management headed by Prime Minister Ranil Wickremesinghe gave the go ahead to import new rice volumes up to 250,000 M Tonnes to meet the demand in the market. It is under this mandate that Minister Bathiudeen is moving his officials on December 19 so that national rice supplies are strengthened, resulting in a grand festival atmosphere.

As the festival season’ demand surged, Minister of Industry and Commerce Rishad Bathiudeen has instructed his officials to take immediate action to release freshly milled rice to the market, to strengthen the rice supply.

“We want to act fast on Prime Minister Ranil Wickremeshinghe’s directive” said Minister Bathiudeen.

Minister Bathiudeen is moving Lanka Sathosa retail chain under his Ministry to support the rice consumer.

“We want to act fast on Prime Minister Ranil Wickremeshinghe’s directive. The Consumer Affairs Authority (CAA) will take action against errant rice sellers” said Minister Bathiudeen.

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