AreaSri Lanka

Commodity GroupRice

CommodityAll

Date12/02/2019

Policy CategoryProduction

Policy InstrumentProduction support, finance and credit facilities

DescriptionApproved a relief package for small- and medium-scale rice millers facing financial constraints. The initiative would entail allocating LKR 1.0 billion (USD 5.7 million) to provide interest free loans to small- and medium-scale processors through District Co-operative Societies, to enable them to purchase and mill paddy. Millers participating in the scheme would have agreed to buy supplies from farmers at government purchase prices of LKR 38-41 per kg (USD 217-235 per tonne).

NotesExchange rate as of 15 April 2019.