Dec 04, 2016

Only organic rice prices remain stable! Featured

The prices of rice in the local market have risen by more than 30 per cent when compared to the prices early this year.

A survey carried out by a weekend newspaper at the Colombo Pettah wholesale market shows the average price of a kilo of rice presently standing at Rs. 90, up from Rs. 60 previously.

During an investigation, Sri Lanka Mirror found two attributable reasons – one being the monopoly enjoyed by a handful of rice mills, and the other being certain major traders having concealed stocks to raise prices artificially.

Stable prices for organically cultivated rice

However, the prices of rice cultivated organically free of chemical pesticides remain at stable levels, at between Rs. 110 and Rs. 120 per kilo.

More than 50,000 acres of paddy land are to be brought under organic cultivation during the Maha season.

This includes 25,000 acres by 13,000 farmers in Trincomalee district.

In Walawe and Mahaweli ‘B’ zone, 10,000 acres each will be similarly cultivated by around 4,700 and 4,000 farmers respectively.