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Dec 13, 2019

Cabinet approves maximum retail price for rice

Cabinet approval has been granted to set and maintain a maximum retail price of Rs. 98 per kilo of rice.

As a parallel measure, the Cabinet of Ministers has also decided to reduce the import levy on wheat flour until the Maha season harvest is received, Cabinet Spokesman Plantations and Export Agriculture Minister Ramesh Pathirana said.

Addressing the weekly Cabinet media briefing held at the Government Information Department yesterday, Minister Pathirana said that a portion of the paddy stocks purchased under the government paddy purchasing programme for the 2018/2019 Maha Season, have been released to the market through the private sector small and medium rice mills.

The Minister of Finance, Economic and Policy development informed the Cabinet regarding the measures taken to issue rice produced from 42,000 MT of paddy remaining in the government stores. Considering the agreement with rice mill owners the Cabinet of Ministers decided to put a ceiling of Rs.98 and to supply rice to the market without any shortage.

(dailynews.lk)

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