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Sri Lanka Government to import 70,000 tonnes of Nadu rice

Sri Lanka will import up to 70,000 tonnes of Nadu rice to address market shortages, Minister Wasantha Samarasinghe announced. Imports will be managed by Lanka Sathosa and the Sri Lanka State Trading Corporation (STC) and sold at a controlled price of Rs. 220 per kilo by December 15. The move aims to prevent artificial shortages and regulate undue profits by rice millers.

The government has decided to import Nadu rice subject to maximum of 70,000 tonnes as a solution to the shortage of rice in the market, Minister of Trade, Commerce, Food Security and Cooperative Development Wasantha Samarasinghe said yesterday.  

He told a news briefing that the rice would be imported through Lanka Sathosa and Sri Lanka State Trading Corporation (STC) and said that the two institutions have been instructed to make available the rice stocks in the market by December 15.   
He said Lanka Sathosa and STC had already discussed with the suppliers and that more than 30 suppliers had offered to import rice.   
The Minister said imported rice would be sold at a controlled price of Rs. 220 per kilo at Lanka Sathosa outlets, Co-Operative outlets and Super market chains.   
He said according to the statistics, 4.8 million MTs of paddy harvest had been received in 2023 and 2024 and out of which 3.1 million Mts are Nadu rice.   
“The statistics show that 2.2 million tonnes of Nadu rice can be produced from 3.1 million tonnes of paddy. If we divide 2.2 million tonnes by 12 months,183,000 tonnes of rice can be supplied a month. The country needs only 140,000 tonnes per month. It means that there is a surplus of paddy harvest in the country. However, there is a shortage in the market. We can’t completely rely on the data of the Agricultural Ministry either,” he said.   
The Minister said rice would be imported so as not to affect paddy harvest in the coming Maha season and added that only 70,000 tonnes will be imported which is sufficient only for two weeks.   
He said the decision to import rice was taken as a temporary solution and pointed out that rice millers cannot be allowed to earn undue profits by creating an artificial shortage in the market.   

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Source Link : Daily Mirror

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