Sri Lanka to sell rice stocks at controlled prices through state retail outlets

ECONOMYNEXT – Sri Lanka’s Finance Ministry said paddy stocks stored in government warehouses will be milled and sold through state-owned Sathosa retail outlets at the maximum retail price to ensure no shortages in the forthcoming festive season.

The paddy stocks had been bought from farmer in the last ‘Maha’ or main harvest and stored in Paddy Marketing Board warehouses, a statement said.

Private millers selected by government district secretaries will convert the paddy into rice according to a decision taken at a finance ministry meeting today, it said.
(COLOMBO, 28 November 2019)