Trade and markets
 

Detail

Area
Sri Lanka
Commodity Group
Rice
Commodity
All
Date
29/01/2015
Policy Category
Production
Policy Instrument
Budgetary allocations, production support, support prices, credit
Description
Allocated Rupees 2.5 billion (USD 18 million) to provide a 50 percent waiver on farmer loans of up to Rupees 100 000 (USD 734), as part of the 2015 Interim Budget. Additional support measures will include a higher guaranteed purchasing price for paddy of Rupees 50 per kilo (USD 367 per tonne), the continuation of the subsidized fertilizer programme, as well as efforts to lower prices of agricultural machinery.
Notes
Exchange rate as of 1 April 2015