COLOMBO (News 1st) –

The government has announced its decision to set a guaranteed price for rice, with the Ministry of Agriculture confirming that the price will be revealed next week.

Currently, a special committee is working to determine the guaranteed price, with the committee being chaired by the Director General of the Agriculture Technology Division.

The government plans to purchase 300,000 metric tons of paddy from the current harvest through the marketing board. 

The Ministry of Agriculture has said that the necessary funds for paddy procurement have already been requested from the Treasury.

Deputy Minister of Agriculture and Livestock, Namal Karunaratne explained the government’s approach to purchasing paddy.

Published Date: January 5, 2025