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Govt. To Curb Increase In Rice Prices

Nov 13, 2010 2:22:47 AM - thesundayleader.lk

The government is taking measures to address the rising price of rice in the local market.

Internal Trade Minister Johnston Fernando has said the paddy stocks purchased by the Paddy Marketing Board (PMB) will be milled and released to the market to curb the increasing price of rice.

According to him, 200,000 metric tons of paddy had been held as a buffer stock.

Fernando told the media that rice preparation centers owned by the Ministry will be used to convert the paddy to rice and the process is currently ongoing.