Area
Sri Lanka
Commodity Group
Rice
Commodity
All
Date
04/01/2021
Policy Category
Production
Policy Instrument
Government procurement, purchasing prices
Description
Approved the 2021 Maha procurement drive, which would see 300 000 tonnes of paddy absorbed by the Paddy Marketing Board (PMB). For supplies with up to 14 percent moisture content, the per kilo purchasing prices were set at LKR 50 (USD 252 per tonne) for Nadu paddy and at LKR 52 (USD 262 per tonne) for Samba varieties. It also stipulated that farmers receiving state subsidized fertilizer and cultivating rice in 11.5 hectares (ha) were to sell 1 000 kg per ha harvested to the PMB, while those cultivating between 1.5 and 2.0 ha and receiving state-subsidized fertilizer were to sell 1 500 kg per ha to the PMB.
Notes
Exchange rate as of 15 May 2021.
