Sri Lanka discourages rice exports for the use of expatriates
(JUne 13) Sri Lanka Cabinet of Ministers granted approval to a memorandum submitted by Ranjith Siyambalapitiya in his capacity as the Acting Minister of Finance and Planning to issue a Gazette notification specifying the minimum FOB price of a Metric Ton of rice which is being exported, to be Rs. 100,000 with effect from 10.06.2008.
The country exports around 200 metric tons of rice per month mainly for the consumption of the expatriate Sri Lankans, the majority of them are workers.
“The Cabinet has taken this decision in order to retain the existing rice stocks within the country,” Cabinet Spokesman Minister Anura Priyadarshana Yapa said at the cabinet press briefing.
