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Using rice to produce animal feed & beer suspended

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The Ministry of Agriculture has decided to immediately implement a programme to safeguard the current rice stocks in the country in order to face a possible food shortage in the future due to the prevailing drought.

Accordingly, Minister of Agriculture Mahinda Amaraweera has advised the Secretary of the Ministry Gunadasa Samarasinghe to immediately suspend the use of rice for the production of animal feed and beer.

The Minister also advised to submit a letter informing this to the Secretary of the Ministry of Trade and the Presidential Committee on Food Safety.

Cultivated paddy lands in several districts have not been grown yet. Due to the prevailing drought, the farmers may face the issue of not having enough water to grow crops.

(Lankadeepa)

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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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