Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka increases the purchasing price of paddy
Wed, Feb 6, 2013, 12:31 pm SL Time, ColomboPage News Desk, Sri Lanka.

Feb 06, Colombo: Sri Lanka Minister of Cooperatives and Internal Trade, Johnston Fernando said yesterday the government will purchase the paddy under the prices increased in the budget now.

The government has increased the registered purchasing price of unprocessed rice by Rs. 4-5 per kilo.

Accordingly, price of a kilo of Naadu paddy will be increased by Rs. 4 to 32 rupees while a kilo of Samba variety will be purchased at 35 rupees per kilo, Rs. 5 above the previous price.

Minister Fernando noted that the President, keeping up with the pledge he made in his first election in 2005 to double the paddy prices, had now fulfilled the promise.

The government re-established the dissolved Paddy Marketing Board and allocated money to purchase paddy to normalize the prices in the market.

The programme to purchase paddy under the new prices will start from the Ampara and Batticaloa Districts and paddy produced in Akkaraipattu and Valaichchenai areas will be purchased initially.

The Minister said that there has been a large harvest from Wattakachchi and Ramanathapuram in the Kilinochchi district, Eravoor area in the Batticaloa district and from the Mullaitivu district.

Sri Lanka is self-sufficient in rice. However, the prolonged drought followed by the heavy rains in the rice producing areas destroyed the last year's Yala season harvest.



ColomboPage - Recent 10 Stories
Senior Sri Lankan lawyer says it's unethical to impose conditions to support reforms
-- [5 hours ago]
Sri Lanka Securities and Exchange Commission commences probe into closed files
-- [6 hours ago]
Sri Lankan government pledges to work to implement 27 international conventions to regain GSP Plus
-- [6 hours ago]
Sri Lankan motorcyclists protest against ban on full face helmets
-- [6 hours ago]
Sri Lanka police raid house in Colombo and arrest persons accused of producing defamatory documentary
-- [6 hours ago]
Sri Lanka's Marxist party wants the next general election under proportional system
-- [6 hours ago]
Free Wi-Fi from tomorrow at 26 public locations in Sri Lanka
-- [6 hours ago]
Sri Lanka extends terms of local government bodies
-- [6 hours ago]
UN Special Rapporteur arrives in Sri Lanka today on a six-day visit
-- [7 hours ago]
Sri Lankan PM pledges to strengthen civil administration in the North
-- [7 hours ago]

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.