Cabinet approves sale of Paddy Marketing Board stocks

Cabinet approves sale of Paddy Marketing Board stocks

Cabinet approves sale of Paddy Marketing Board stocks

Written by Staff Writer

18 Jun, 2015 | 10:23 am

Minister of Food Security Gamini Jayawickrama Perera says that cabinet approval has been provided for Paddy Marketing Board stocks to be sold to private rice mills.

The Minister stated that tenders will be called according to a proper mechanism and paddy will be sold to small scale, medium scale and large scale rice mills thereafter.

The minister added that 175,000 thousand metric tonnes of paddy is currently in stock at government storage facilities.

The minister went on to say that ministry currently has 175000 metric tonnes of samba and nadu. The treasury has given us approximately Rs.7500 million. He stated:

 Also, we have to immediately empty the stocks as the Yala Season has caused the tanks in the north, the east and the north central provinces to be full after about 50 years and we are to receive a record yield as a result.

It was decided by the cabinet of ministers to call in tenders and sell this paddy that is currently in government storage facilities to be sold to private rice mills.

He concluded that it will not be made a monopoly.

Even the small scale mills the medium scale mills will be able to receive this rice. We have to settle the money that we got from the treasury, said the minister.

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