AreaSri Lanka

Commodity GroupRice

CommodityAll

Date03/01/2022

Policy CategoryProduction

Policy InstrumentProduction support, government procurement, tax policy

DescriptionApproved a plan seeking to allay the negative impacts of increases in prices of goods and services. Among other measures, the initiative envisages the provision of an LKR 25 per kg (USD 69 per tonne) outlay to paddy farmers incurring production losses during the 2022 Maha crop cycle. This outlay would be extended on top of the LKR 50 per kg (USD 138 per tonne) certified price for paddy. In addition, it would waive all taxes on essential foods and medicine.

NotesExchange rate as of 15 May 2022.