Trade and markets
 

Detail

Area
Sri Lanka
Commodity Group
Rice
Commodity
All
Date
09/08/2016
Policy Category
Production
Policy Instrument
Government procurement
Description
Decided to purchase 120 000 tonnes of paddy from the 2016 Yala harvest, allocating LKR 4 billion (USD 27 million) for the purpose. Under the procurement drive, the Paddy Marketing Board will offer farmers LKR 50 per kg of Keeri Samba purchased (USD 334 per tonne), LKR 41 per kg (USD 274 per tonne) of Samba paddy and LKR 38 per kg (USD 254 per tonne) in the case of Nadu paddy.
Notes
Exchange rate as of 1 October 2016.