Lanka's largest granary opens in Buttala on Sunday | Daily News

Lanka's largest granary opens in Buttala on Sunday

 

Sri Lanka's largest granary with state-of-the-art facilities constructed in Buttala, Monaragala will be opened on Sunday (31).

Finance Minister Ravi Karunanayake will open the project funded by the World Bank constructed at a cost of Rs. 260 million.

The complex can store 20,000 metric tons of grains. Grains trucked to the facility will be subject to strict quality control process to ensure durability. During the cultivation seasons where there are buffer stocks, the surplus stocks can be stored at this facility. Subsequently these stocks will gradually be released to the market and as a result the farmers are guaranteed of a higher price for their produce as the middlemen are eliminated through this process. Farmers can also keep their stocks of grains at the facility until market prices reach higher levels.

The first such facility in Sri Lanka was established at Galenbindunuwewa, Anuradhapura and a similar complex is now under construction in Mannar. The Finance Ministry has planned to construct three more granary complexes in Kilinochchi, Polonnaruwa and Embilipitiya this year in line with its overall plan to ensure a better deal for local farmers. The government through the 2016 budget has allocated Rs. 1000 million for this. 


 

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