100,000 MT of rice from Myanmar
Rangoon Kekulu to be priced at Rs.55 per kilo:
COLOMBO: The Myanmar Government has agreed to provide 100,000 MTs of
Rangoon Kekulu with immediate effect to overcome the current increase in
the rice of price in the local market artificially created by hoarding.
The decision was taken during the visit made by Trade, Marketing
Development, Cooperative and Consumer Affairs Minister Bandula
Gunawardena to Myanmar last week.
Minister Gunawardana told the Daily News that President Mahinda
Rajapaksa was directly involved to the matter through discussions with
the Myanmar Government.
“This is a big achievement. The Government was able to import 100,000
MT rice from Myanmar at a time when many foreign countries have banned
rice exports due to the current global food crisis.”
The shipments are due to arrive after the Sinhala and Tamil New Year
holidays. The Minister said that 100,000 mts of Rangoon Kekulu will
arrive in the country within two months.
The Government has decided to provide Rangoon Kekulu at a fixed price
of Rs.55 per kilo as a relief to consumers. Rice will be distributed
through Cooperatives and Laksathosa branches countrywide with immediate
effect to meet the demand.
The move is expected to bring down the price of rice in the open
market. This will also help deal with the rice shortage in the market.
“This decision was taken to break the monopoly of the traders. We
urged them not to create an unnecessary rice shortage by hiding rice
He said when the Government gets directly involved in the import of
rice, the prices in the open market would come down.
“It is useless hiding rice stocks unnecessarily and selling it at
higher prices with adequate stocks available in the market,” the
Meanwhile private traders and the cooperative sector are engaged in
importing rice continuously by using tax relief provided by the
Government with the objective of providing rice at low prices to the
According to market sources, the price of rice will be reduced at
least by 10 per cent over the current market prices once the stocks
arrive in the market. This would also prevent the artificial shortage
created by black marketeers.