Import of 1 Lakh Metric Ton  of  Rice in Srilanka

Import of 1 Lakh Metric Ton  of  Rice in Srilanka

Media Unit   of the    Ministry  of  Industry and Commerce has revealed that  Srilanka has signed a  Memorandum of  Understanding (MoU) with Indian private sector  to buy 70,000 MT of Nadu rice at US$445 per Metric Ton . This import will be received in Srilanka in the mid of September 2017.
Further, another MoU will be signed with the Indian private sector to Import 30,000 MT of  Samba rice at US$ 475.5 per MT .
 By the end of September some sort of relief will be received  by the consumers and rice traders cannot  fix the price of rice at their wish  and exploit the consumers.