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GOVT. TO BUY PADDY WORTH 5.5 BILLION FROM YALA HARVEST

Sep 7, 2011 1:45:15 AM - news.lk

paddy-field.7.9In order to stabilize the selling price of paddy and maintain a fixed rate during the Yala harvesting season the government has allocated 5.5 Billion Rupees (about $50 million) with assistance from the national banks and the Central Bank of Sri Lanka to buy paddy from farmers across the island.  Sri Lanka has two rice harvests for both monsoon seasons: the Yala season  ( May to August) and the Maha season(from September to March).