Oct 12, 2017

Rice to be imported to meet shortage

Cabinet approval has been granted to appoint a Cabinet subcommittee to make necessary arrangements for the import of 400,000 metric tons of rice immediately, to meet the country’s requirement.

As the harvest of the Yala season has reduced by around 50%, the government had decided to import around 500,000 metric tons of rice through Sathosa until December to fulfill the rice requirement of the country.

Of this requirement, the government has already ordered 100,000 metric tons of rice from India, while the subcommittee has been appointed for the import of the balance 400,000 metric ton requirement.

The special committee is scheduled to be appointed under the leadership of the Treasury Secretary, while the proposal had been presented to parliament by Minister of Industry & Commerce Rishath Bathiudeen, Finance and Media Minister Mangala Samaraweera, Fisheries and Aquatic Resources Minister Mahinda Amaraweera and Minister for Development Strategies & International Trade Malik Samarawickrema.