Trade and markets
 

Detail

Area
Sri Lanka
Commodity Group
Rice
Commodity
All
Date
04/08/2018
Policy Category
Production
Policy Instrument
Government procurement
Description
Set aside LKR 4.9 billion (USD 28.9 million) to purchase paddy from the 2018 Yala harvest. The procurement drive would target the absorption of 120 000 tonnes of paddy, with the Paddy Marketing Board offering farmers LKR 41 per kg of Samba purchased (USD 241 per tonne), and LKR 38 per kg (USD 224 per tonne) in the case of Nadu paddy. The entity will also provide packaging material for purchased supplies, which will be redistributed at affordable prices through Lak Sathosa outlets. In order to provide further assistance to producers at harvest time, a subsequent decision raised the maximum volume that the Paddy Marketing Board can purchase per farmer to 5 000 kg, up from a previous limit of 3 000 kg.
Notes
Exchange rate as of 15 October 2018.