Oct 07, 2018

Rice worth Rs. 130 m imported daily Featured

Rice worth around 800,000 US dollars (nearly Rs. 130 million) had to be imported on a daily basis in view of the drought, say importers and traders of essential commodities.

The government permitted the importation of rice between January 2017 and May 2018, says spokesman for their association Hemaka Fernando.

The total spending for the 18 month duration is said to be more than Rs. 70 billion.

Of the between 55,000 and 60,000 mt of rice imported every month, around 2,000 mt were released to the market every day, says Fernando.

The daily rice consumption is around 7,500 metric tons.