Rice prices declining in Sri Lanka as harvesting is underway

(March 03, 2009) As the harvesting of rice in the major Maha season is underway in Sri Lanka, the rice prices in the markets that was earlier escalated sharply have commenced declining, reports from Colombo wholesale market say.

The secretary of the Essential Food Commodity Importers' Association G. Nathan said that the wholesale rice prices had dropped below the government certified maximum prices.

Sri Lanka government had to take measures to import rice since there was a scarcity of rice in the market during the past few months.

Posted in Maha season G. Nathan , rice market of Sri Lanka , rice price