Sri Lanka suspends its small scale export of rice to regulate price

Sri Lanka Ministry of Trade says that the export of rice has been suspended until the next bounty harves is yielded. Sri Lanka recently had a surplus of rice stocks and they were exported in minor scale.

Accordingly, the country will not export rice until the first quarter of 2013 in which the Maha harvest is yielded.

The decision to suspend exports has been taken under the instructions of the President Mahinda Rajapaksa, says the Ministry of Trade.

The Ministry aims a price regulation in the local market with the suspension of exportation.

Sri Lanka is expecting decline in harvest in the Yala season due to drought.
Share this article

read more...

Sri Lanka Marxst JVP to collect signatures for a petition seeking increase of registered price for paddy

Sri Lanka Marxist People's Liberation Front (JVP) has planned to collect signatures of the farmers seeking increase of registered price of a kilo of paddy.


The JVP demands the government to increase the registered price of a kilo of paddy to Rs. 40. Presently, the government registered price for paddy is Rs. 30 for a kilo of Samba and Rs. 28 for a kilo of Nadu.


JVP MP Anura Kumara Disanayaka said that the petition will taken to all farmer settlements to collect their signatures.


He said that amid the boasting of the government, the farmers are facing difficulty in selling their products.


The MP further said that the farmers have failed to find at least the production cost of a kilo of paddy which is Rs. 24.50 as the selling price in the open market.
Share this article

read more...