Apr 30, 2018

Lowest paddy harvest in a decade Featured

The lowest paddy harvest in the past 10 years was recorded in 2017, according to the Central Bank.

During the Maha and Yala seasons of the year, the production was 2,383 million kgs, a decline of 46.1 per cent.

Therefore, the local production was enough to meet eight months’ of demand only, said the Bank.

The retail prices of rice had gone up, and as a result, the import levy on rice has gone up, the Bank added.