Sellers can't decide at what price to sell imported rice: Sathosa

21 October 2017 04:57 pm - 3     - {{hitsCtrl.values.hits}}

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The 200,000 metric tonnes of rice, which was scheduled to be imported from Burma, Thailand, India and Pakistan would not be allowed to be sold at prices higher than was stipulated by the government, Lanka Sathosa Chairman T.M.K.B Tennakoon said.

Addressing the media he said the rice stocks would be imported by the end of the year. He said that the rice would be distributed using a Government distribution mechanism as well as through private importers.

“The stock of rice would be distributed via Sathosa, Cooperatives (MPCSs) and major super markets while it will also be sold to retailers by Sathosa,” he said.

“The selling price of rice will be monitored by the Consumer Affairs Authority (CAA). Those selling rice cannot do so after keeping a large profit margin and they cannot decide at which price it should be sold,” he said.

“There is an Maximum Sales Retail Price (MSRP) set by Sathosa. Sellers from rural areas should sign an agreement with us, adhering to the controlled price at which they are allowed to sell. That price can include their transport cost and profit,” the Sathosa Chairman said.

Accordingly the details of the sellers and their agreed selling price would be given to the CAA for monitoring. However, he said that local millers could decide on their own prices and the MSRP set by Sathosa would not affect them. (Chaturanga Pradeep)

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See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 
  • ceylon Saturday, 21 October 2017 04:49 PM

    this is government run robery companystolen billions and wasted billions.privertise it.make open free trade to benefit people and create strong private sector. via DM Android App

    Arnold Saturday, 21 October 2017 05:32 PM

    Only if the govt can find a way to use the water that flows into the sea during rains we could plant three seasons and export rice again. It is a real sorry sight to see hundreds of acres of abandoned paddy fields.

    SY Saturday, 21 October 2017 06:19 PM

    What is in this news item shows that blind is leading blind. Get experts who once served at Hector Kobbakaduwa ARTI to advise milled and unmilled rice varieties currently with the millers and prices these should be sold.If the quantities are insufficient what varieties need to be imported and when.Today unwanted imported rice varieties are available in the market at high prices.People resort to eating bread, they cannot afford hoppers or string hoppers.The highly politicized PMB ignorant of their role has created this mess.


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