Cabinet withdraws MRP issued for rice, holds on price revisions for several essential commodities
The Gazette Notification imposing a maximum retail price for rice has been annulled.
It was decided by the Cabinet this evening (27) to import a buffer stock of 100,000 metric tonnes of rice, in a bid to prevent any impending artificial shortage created in the rice market.
Earlier this month (02), an Extraordinary Gazette imposing the maximum retail price for rice was issued, declaring the prices for Keeri Samba ( Rs. 125/- per kg), White/Red Samba (Rs. 103/- per kg), White/Red Nadu (Rs. 98/- per kg), White/Red Raw Rice (Rs. 95/- per kg).
The relevant gazette notification, however, has now been cancelled.
Moreover, the Cabinet is yet to make a decision pertaining to the price revisions of several essential commodities including milk powder, LP gas cylinders and wheat flour.
Meanwhile, Trade Minister Bandula Gunawardena added that the funds required for the release of essential food commodities held up at the Colombo Port are to be provided by the Central Bank of Sri Lanka.
Prime Minister Mahinda Rajapaksa ordered Customs officials to immediately release all essential food item stocks currently being held at the Port on Friday (24).