AreaSri Lanka

Commodity GroupRice

CommodityAll

Date04/08/2018

Policy CategoryProduction

Policy InstrumentGovernment procurement

DescriptionSet aside LKR 4.9 billion (USD 28.9 million) to purchase paddy from the 2018 Yala harvest. The procurement drive would target the absorption of 120 000 tonnes of paddy, with the Paddy Marketing Board offering farmers LKR 41 per kg of Samba purchased (USD 241 per tonne), and LKR 38 per kg (USD 224 per tonne) in the case of Nadu paddy. The entity will also provide packaging material for purchased supplies, which will be redistributed at affordable prices through Lak Sathosa outlets. In order to provide further assistance to producers at harvest time, a subsequent decision raised the maximum volume that the Paddy Marketing Board can purchase per farmer to 5 000 kg, up from a previous limit of 3 000 kg.

NotesExchange rate as of 15 October 2018.