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Govt.: Food Prices May Increase

Jan 17, 2011 7:22:47 PM - thesundayleader.lk

Disaster Management Minister Mahinda Amaraweera has warned of an increase in food prices following the devastating floods in the north and east of the country.

The recent floods resulted in the destruction of thousands of acres of paddy lands and vegetable plots.

Amaraweera has told a foreign news service that vegetable prices had already been affected due to the impact on growing areas that were swamped by unusually heavy monsoon rains.

The floods that began nine days ago has displaced more than a million people and at least 40 people have died.

“We have a buffer stock of rice that is good for three months. That means there will be no immediate impact on the price of rice, but vegetables are already going up in price,” Amaraweera has told AFP.