Sri Lanka will stabilize rice prices

Washington, August 25th: according to Sri Lanka’s trade minister Bandula Gunawardena, countries around the world have taken measures to curb the spread of the new crown virus, resulting in a sharp rise in commodity prices. Under such circumstances, the Sri Lankan government cannot allow rice prices to rise. Rice is the staple food of most Sri Lankans.

Therefore, Sri Lankan President Gotabaya Rajapaksa, Prime Minister Mahinda Rajapaksa and the cabinet unanimously decided to provide less than 100 rupees per kilogram of rice to the people.

In addition, if the merchant sells rice at a high price in violation of government regulations, the penalty will be increased from 2500 rupees to 100000 rupees. In addition, in order to prevent an artificial shortage of rice supply in the market, the government has issued letters of credit to import some rice stocks and maintain them.

Source: Master Boyi

Post time: Aug-31-2021