The government is planning to procure about 120,000 tons of paddy from farmers during the upcoming secondary ‘yala’ harvest. According to a government spokesman, the Paddy Marketing Board will buy paddy directly from farmers.
The Cabinet of Ministers reportedly approved a proposal by the Food Minister to buy the ‘Keeri Samba’ rice variety at 50 rupees per kilogram and ‘Nadu’ rice variety for 45 rupees per kilogram, a leading site for rice news, research and analysis, reportedly.
The government has allocated 6 billion rupees for procuring paddy during the 2015 yala season.
Sri Lankan government is expecting output from this year’s yala output to increase about 16 percent from last year.
The paddy is expected to reach the market from early August.