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Controlled Price of Rice to Remain Unchanged

Rice - BusinessNews.LK

President Anura Kumara Dissanayake announced that the controlled price of rice will remain unchanged, emphasizing that efforts are underway to implement a long-term agricultural program that would benefit both farmers and consumers.

Key Highlights:

  • Stable Rice Prices: During a meeting held at the Presidential Secretariat with rice millers and officials from the Department of Agriculture, the President affirmed that despite ongoing price fluctuations, the controlled price of rice will not be altered.
  • Support for Farmers: The President noted the importance of developing a formal mechanism to ensure farmers receive a fair price for their paddy while consumers continue to purchase rice at reasonable prices.
  • Stockpiling Concerns: The issue of stock hoarding was addressed, with President Dissanayake instructing agriculture officials to register hoarders to mitigate price manipulation in the market.
  • Cost Reduction for Millers: Reducing input costs was also discussed, particularly to support small and medium-scale rice millers who are facing financial difficulties.

Participants in the meeting included prominent figures from the Rice Mill Owners’ Association, such as Dudley Sirisena, Nipuna Gamlath, and Menaka Gamlath, along with several officials from the Ministry of Agriculture. The discussion primarily focused on price stability and long-term solutions to benefit both consumers and the agricultural sector.

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Last modified: October 23, 2024