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
Central Bank, law enforcement authorities probe transactions of Employees' Provident Fund
-- [6 hours ago]
Sri Lanka, MCC in discussions on multi hundred million dollar grant for economic development
-- [6 hours ago]
Former Chief Minister Pillayan further remanded over Tamil MP's murder
-- [7 hours ago]
Sri Lanka strengthens Consumer Affairs Authority investigation officers force to safeguard consumers
-- [7 hours ago]
Sri Lanka's President promises to strengthen free education system to benefit all children in country
-- [8 hours ago]
Sri Lanka nationwide inflation marginally increases to 4.2 percent in December 2016
-- [9 hours ago]
SriLankan Airlines most punctual among oneworld airlines in 4th quarter 2016
-- [9 hours ago]
Captain Angelo Mathews, injured players to return to Sri Lanka from South Africa tour
European Investment Bank provides Sri Lanka Euro 50 million loan to improve Colombo wastewater network
US Navy Ship USS Hopper's visit signals growing bilateral cooperation with Sri Lanka

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.