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Unable to buy Yala season paddy anymore  – Agri Ministry

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The Ministry of Agriculture says that it is no longer possible to buy paddy of the Yala season as they are yet to receive loans requested from state banks for this purpose.
Ministry Secretary – Mr. Rohana Pushpakumara said that they have not been informed of a specific date to secure the loan.

According to Mr. Pushpakumara, the banks have informed the interest rate of the loan would be 28%. Further discussions are underway to reduce this as the rate is quite high, he further said.

Earlier, it was stated that a kilo of Nadu paddy in the Yala Season would be purchased at Rs. 120 while a kilo of Samba and Keeri Samba would be purchased at Rs/ 125 and Rs. 130 respectively.

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No justification for coconut oil price hike – Coconut Development Authority

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The Coconut Development Authority has stated that there is no valid reason for a price increase of coconut oil in the local market.

CDA chairman – Prof. Roshan Perera has emphasized that there has been no tax hike on imported coconut oil.
Given the sufficient supply of coconut oil for domestic consumption, Prof. Perera asserted that any price increase is unjustifiable.

Additionally, a new regulatory program is being planned to control and stabilize coconut oil prices in the market, he added.

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Coconut oil price upped

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The price of a litre of coconut oil has been increased by more than Rs. 100, the National Consumer Front (NCF) has said.

NCF Chairman Asela Sampath said that the price of a litre of coconut oil has been increased by between Rs. 180 and Rs. 200. 

Accordingly, the current retail price of a coconut oil litre is Rs. 550.

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Registration compulsory for all money changers 

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The Central Bank has issued a notice making it compulsory for all money exchange institutions to be registered with the Central Bank and regulated by it. 

The CB order is in effect from 3 June 2024. 

The Central Bank states that all money changers who are currently not registered will now receive the opportunity to provide such services in a systematic and regulated manner. 

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