Lankapage Logo CP 18 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* No shortage of rice in the market as speculated, Minister assures
Fri, Feb 17, 2017, 11:20 am SL Time, ColomboPage News Desk, Sri Lanka.

Feb 17, Colombo: There is no shortage of rice in the market as imported rice has begun feeding into domestic retail and wholesale channels, Sri Lanka's Minister of Industry and Commerce Rishad Bathiudeen said.

Speaking to media after inspecting a wholesale rice warehouse in Colombo yesterday the Minister said "Imported rice is now distributed and rice shortages are now ending. There is no shortage of rice in the market as speculated."

Minister Bathiudeen accompanied by officials of the Consumer Affairs Authority, visited several rice traders and rice warehouses in the Colombo city yesterday to learn about the market status first-hand.

The Minister said he visited many shops and rice wholesalers in Colombo and all of them are selling rice at the given Maximum Retail Prices (MRPs), and certain places are selling competitively at even lower prices.

Minister Bathiudeen said some errant traders are artificially creating a rice shortage to raise the prices and requested the consumers to call the hotline at 1977 to complain any errant rice sales anywhere from Sri Lanka.

He said 250 Consumer Affairs Authority investigators are raiding such shops across the island and strict legal action will be taken against the traders who are hoarding rice and creating an artificial shortage. He asked the people to refrain from spreading false info and rumors about a shortage when there is none.

The Consumer Affairs Authority recently gazetted the MRPs for three rice varieties -Nadu, Raw Rice and Samba. The MRPs were set at Rs 72 for a kilo of Nadu, Rs 70 for a kilo of Raw and Rs 80 for a kilo of Samba (excluding Keeri Samba and Suduru Samba).

 


ColomboPage - Recent 10 Stories ::
Australia sends Sri Lankan boatpeople home
-- [4 hours ago]
NDBIB becomes Lanka's first investment bank to manage offshore IPO
-- [4 hours ago]
Tamil Nadu CM writes to Indian PM seeking immediate release of fishermen 'abducted' by Sri Lanka Navy
-- [4 hours ago]
French Naval Ships 'Mistral' and 'Courbet' leave Sri Lanka
-- [4 hours ago]
Sri Lanka state doctors' union insists on abolishing SAITM, will resort to strike if demands not met
President opens pharmaceutical production plant of Celogen Lanka in Kandy
Sri Lankan President says will not allow disrespecting Buddhist monks through social media
Charges for dengue laboratory tests revised island wide
Ramazan celebrated with a deep sense of fellowship and co-existence - PM
Sri Lankan Airlines ranked 81st among top 100 airlines

Copyright © 2000, 2016 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.