AreaSri Lanka

Commodity GroupRice

CommodityAll

Date29/01/2015

Policy CategoryProduction

Policy InstrumentBudgetary allocations, production support, support prices, credit

DescriptionAllocated Rupees 2.5 billion (USD 18 million) to provide a 50 percent waiver on farmer loans of up to Rupees 100 000 (USD 734), as part of the 2015 Interim Budget. Additional support measures will include a higher guaranteed purchasing price for paddy of Rupees 50 per kilo (USD 367 per tonne), the continuation of the subsidized fertilizer programme, as well as efforts to lower prices of agricultural machinery.

NotesExchange rate as of 1 April 2015