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.