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 ::
President instructs to release report of PRECIFAC online
-- [13 minutes ago]
Singapore and Sri Lanka sign free trade agreement deepening economic ties
-- [53 minutes ago]
Reports of Bond Commission and PRECIFAC tabled in Parliament
-- [1 hour and 16 minutes ago]
Ten-year plan to address shortcomings in Colombo - PM
-- [7 hours ago]
Uva CM surrenders to police over the principal kneeling incident
-- [8 hours ago]
Five new envoys to Sri Lanka present credentials to President
-- [8 hours ago]
Sri Lanka President seeks support of PM to punish the perpetrators of Central Bank bond scam
-- [9 hours ago]
Amended fisheries act to impose hefty fines on foreign boats illegally entering Sri Lankan territorial waters
SriLankan Airlines achieves highest ever monthly revenue in December 2017
Research study uses sounds of disturbed honey bees to scare away Sri Lankan elephants

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.