1,900 MT of rice imported by private sector since Dec. 10

1,900 MT of rice imported by private sector since Dec. 10

December 12, 2024   04:59 pm

Sri Lanka Customs said that as of 5.30 p.m. today (12) the private sector has imported 1,900 metric tonnes of rice from India since December 10, 2024.

Meanwhile, the Essential Food Commodities Importers & Traders Association says that if the Customs Duty on imported rice is reduced by Rs. 15, it would be possible to sell rice at the maximum retail price.

Accordingly, the association’s media spokesperson, Nihal Seneviratne, told reports today that importers can supply imported Nadu Rice for around Rs. 220 per kilogram.

Additionally, Seneviratne explained that the distribution network will incur a cost of between 8% and 10% per kilogram once the rice reaches the wholesale market.

On December 03, the Cabinet of Ministers approved the proposal to allow the import of rice without import control permits until 20 December 2024, in view of the current shortage of several rice varieties in the local markets.

A Gazette notification was issued by the Consumer Affairs Authority (CAA) recently stipulating the maximum wholesale and retail prices for both local and imported rice.

Accordingly, the maximum retail price for one kilogram of imported raw rice is Rs. 210, while the maximum retail price for one kilogram of imported Nadu rice is Rs. 220.

The gazette notification also states that the maximum retail price for one kilogram of imported Samba rice is Rs. 230.

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Most Viewed Video Stories

Chinese Ambassador donates school equipment to students of Yatihena Junior School

Chinese Ambassador donates school equipment to students of Yatihena Junior School

LIVE🔴 Ada Derana Prime Time News Bulletin 6.55 pm

🔴LIVE | Ada Derana Midday Prime News Bulletin - 2025.07.11

Trump Tariff: Exports volume will reduce but real challenge is rates of Sri Lanka's competitors – expert (English)

Sri Lanka govt not considering retaliatory measures over Trump's tariff - Presidential Advisor (English)

Sri Lanka's opposition reacts to Trump's announcement on 30% trade tariff (English)

Ceylon Chamber urges continued engagement to secure further US tariff reduction (English)

Trump slashes tariff rate on Sri Lanka to 30% from 44% - But govt, private sector seeks further reduction