Sri Lanka govt to subsidise pepper growers after price fall

ECONOMYNEXT – The Sri Lankan government is to give pepper growers a subsidy of up to Rs150 a kilo to cushion the impact of the fall in international and local prices, a spokesman said.

The Cabinet of ministers approved a proposal by Primary Industries Minister Daya Gamage to declare a guaranteed price of Rs900 a kilo for pepper, spokesman Minister of Land and Parliamentary Reforms Gayantha Karunathilaka said.

The Rs150 subsidy will be given only until the pepper market price reaches Rs900 a kilo, he told a news conference.
(COLOMBO, August 30, 2017)

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