ECONOMYNEXT – Sri Lanka is getting the primary harvests from the Yala minor cropping season from the North and Jap areas and farmgate paddy costs had been round 120 rupees a kilogram, Agriculture Minister Mahinda Amaraweera mentioned.
As a consequence of fears of meals shortages some individuals engaged in panic paddy shopping for driving the value of tough rice to round 170 or as much as 200 a kilogram in some circumstances, he mentioned.
Nevertheless from an authentic estimate of 275,000 hectares farmers have now cultivated 475,000 hectares.
As outcome the ‘meals crises’ might be moderated.
Sri Lanka has already imported 365,000 metric tonnes of rice he mentioned.