Guaranteed price of big onions raised to Rs. 80 per kilo | Daily News


 

Guaranteed price of big onions raised to Rs. 80 per kilo

The guaranteed minimum price of Rs. 60 per kilo offered to big onion farmers has been increased to Rs. 80 per kilo in an effort to offer a fair price to these farmers.

This follows a directive issued by Prime Minister Mahinda Rajapaksa in his capacity as Finance Minister, a media statement issued by the Finance, Economy and Policy Development Ministry said.

The statement said these farmers were not offered a fair price in the past due to a drop in the price of big onions. This tended to wean away farmers from the cultivation of big onions which resulted in a drop in the big onion harvest, forcing the spending a large account of foreign exchange on big onion imports.

Taking this into cognizance, a proposal made by Prime Minister Mahinda Rajapaksa in his capacity as Finance Minister to increase the guaranteed price as an incentive to big onion farmers has gained Cabinet approval.

A new programme will also be launched to increase production by increasing the productivity of existing big onion cultivators jointly by the Mahaweli, Agriculture, Irrigation and Rural Development Ministries.

The progress of this programme will be reviewed by the Cabinet once in six months.

Meanwhile, a maximum retail price of Rs. 190 per kilo has been announced in an effort to safeguard the consumers.


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