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* Government decides not to import rice
Wed, Feb 12, 2020, 09:52 pm SL Time, ColomboPage News Desk, Sri Lanka.

Feb 12, Colombo: The Sri Lankan government has taken a policy decision not to import rice.

The Secretary to the President has submitted a report to the cabinet of Ministers informing that although the price of rice has risen in the market, government’s decision not to import rice has saved US $ 100 million in foreign exchange.

According to the report, paddy harvesting of the Maha Season has commenced and it is expected to yield about 3 million metric tons of paddy.

The government has decided to provide a guaranteed price of Rs. 50 for a kilo of paddy and a program has been launched to purchase paddy form the farmers.

 

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