Sri Lanka leader meets rice millers amid supply shortage risks after floods

Sri Lanka
By Editor_1
A paddy farmer works on a paddy field in Agbopura, Sri Lanka February 16, 2022 -Devjyot Ghoshal/Reuters/File

COLOMBO – With Sri Lanka facing a possible supply shortage of rice in the first quarter of 2025, President Anura Kumara Dissanayake met small and medium-scale rice mill owners to discuss the continuous and affordable supply of rice to consumers in the coming months, the President’s Media Division (PMD) said.

The meeting comes days after heavy rains destroyed more than 20% of the paddy cultivation area on the island including the large paddy farmland districts of Ampara and Anuradhapura.

People have already started grumbling about higher rice prices under the new government of President Dissanayake, who promised to reduce prices of essential items including rice.

“During the discussion, the President emphasized the importance of ensuring a continuous and affordable supply of rice to consumers in the coming months. He engaged with the mill owners to identify immediate measures needed to achieve this goal,” the PMD said in a statement.

“The meeting also focused on enhancing storage facilities across the country to prevent shortages and ensure a steady rice supply,” it noted, highlighting that concerns were raised about the declining availability of Nadu rice for consumption due to its increased use in value-added products.

The PMD statement also noted that President Dissanayake highlighted the potential benefits of introducing a QR code system to streamline the distribution of fertilizer subsidies and boost domestic agricultural production.

Prior to the floods, the new government had decided to import 70,000 metric tonnes of rice to address a possible shortfall in the market despite a surplus production in the country this year.

Rice market stakeholders said the crop damage could aggravate the shortage and result in expensive rice in the next quarter in which Sri Lanka usually has the highest yield.

-economynext.com

 

 

Editor_1
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