Sri Lanka state-run trading firm to buy paddy at Rs50-Rs44 a kilo

BUMPER HARVEST: Sri Lanka is projecting a rice surplus after good rains in 2018 and 2019. But Sri Lanka rice is almost non-tradable.

ECONOMYNEXT – Sri Lanka’s state-run Paddy Marketing Board will buy rough rice harvested in the current Maha cultivation season at prices ranging from 50 to 44 rupees a kilogram, the state information office said.

The Cabinet of Ministers had approved a proposal by the Ministry of Agriculture to buy paddy depending on moisture content.

Nadu – 50 rupee per kilogram with moisture at 14 percent. For paddy with moisture between 14 to 22 percent, 44 rupees will be paid.

Samba – 52 rupees per kilogram with 14 percent moisture and 46 rupees for paddy with moisture between 14-22 percent.

The PMB will buy at least 1,000 kilograms from farmers who cultivate between 1-1.5 hectares and 1,500 kilograms from farmers who cultivate between 1.5 ha to 2.0 ha.

This years rice sown area n was running about 10 percent below average at the last survey, the state agricultural office has said. In the 2020 Maha season 3.0 million kilograms of paddy was harvested.

Related Sri Lanka rough rice output in 2021 Maha could be down 10-pct

Sri Lanka’s Maha season rice is begins to be from around January 2020 from the Northern and Eastern provinces. (Colombo/Jan05/2020)

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