Saturday, October 13, 2007

Sri Lanka permits importing rice

Oct 13, Colombo: Sri Lanka government has permitted the Essential Commodities Importers' Association to import 75,000 metric tons of two varieties of rice with immediate effect to bring down the escalating price of the major staple food.

The Minister of Trade, Marketing Development, Cooperatives and Consumer Affairs Bandula Gunawardena said that the two imported rice varieties would be sold at Rs. 40 and Rs. 45. He said that the imported rice would reach the market by November 15. The government has waived the Rs. 20 per kilo tax from imported rice.

Previously, Sri Lanka imported 220,000 metric tons of rice in 2004, the maximum amount imported in recent times.

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