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* Sri Lanka to import rice to control escalating prices
Fri, Jun 20, 2014, 12:09 pm SL Time, ColomboPage News Desk, Sri Lanka.

June 20, Colombo: The Sri Lankan government has decided to import 100,000 metric tons of rice to control the escalating price of Sri Lankan's staple food.

The import of rice is to be carried out immediately and the stocks will be distributed through island wide supermarkets of Lanka Sathosa, the state-owned wholesale and retail grocery network under the instructions of Minister of Cooperatives and Internal Trade Johnston Fernando.

The Minister said that the Consumer Affairs Authority had received a number of complaints against the rice mill owners and wholesalers over hiding processed and unprocessed rice stocks.

The Minister said that stern actions are underway against them.

Sri Lanka provides subsidies to rice farmers and the country is usually self-sufficient in rice. However, the recent prolonged drought and subsequent floods have damaged the crops, the Minister stated.

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