Rice price escalating; buffer stocks processed

(December 11, 2010) Sri Lanka government says that the cabinet has granted approval to release 70,000 metric tons of rice from the government paddy stores to the market during the upcoming festive season.

The aim of this measure is to prevent the escalation of the price of the Sri Lankans' major staple food.
Treasury will release Rs. 430 million for processing paddy.

The rice of these buffer stocks will be sold by the Corporative Wholesale Establishment and Cooperative Society department stores.

Posted in buffer stock , paddy , Rice