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Sri Lanka Equity Forum » Stock Market & Forum Help » Political and Socio-Economic Analysis » Imported Rice Prices reduced to control Maithri Rice Mafia

Imported Rice Prices reduced to control Maithri Rice Mafia

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StockGuru

StockGuru
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Imported rice would be sold at subsidized rates at Lak Sathosa outlets from today; Ministry of Cooperatives and Internal Trade said today.

Accordingly, the price of Samba rice would be reduced to Rs. 60 per kg, Nadu for Rs. 55 per kg and Kekulu Rs. 50 kg.

The average price of all varieties of imported rice was ranging from Rs.90 to Rs.100 per kg earlier, according to the ministry.

A ministry spokesman told Daily Mirror that the government had decided to bear whatever the losses incurred by this move on behalf of the people. Asked whether the import duty was reduced paving the way for a price cut, sources said no such decision was made.

The ministry reiterated that the government would be compelled to take over privately owned rice mills in order to stop artificial shortages. (Yohan Perera)

- See more at: http://www.dailymirror.lk/57459/imported-rice-would-be-sold-at-subsidized-rates-at-lak-sathosa-outlets-from-today-ministry-of-cooperatives-and-internal-trade-said-today#sthash.2bvKYKrr.dpuf

Ernie Tissera


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
This not because of MS. They planned this long time ago and brought about 50 containers of Rice from India re reduce the price during Election. For their advantage MS thing also happened. Otherwise they cannot import in a such a short period.

poshkid


Equity Analytic
Equity Analytic
My only question is ...' Why all this; only after someone crosses over to the opposition ' ??

Since MR has 'files' ; why can't he take action against (corruption) people who is currently in his side ??

I guess ; it doesn't matter whether its MR or MS or anyone else; the people of this country does not have 'pin' ; to be ruled by respectable and honest people...

Ernie Tissera


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Yes Posh you are correct. To get more info read the resignation letter written by Nandan Gunatille to MR. If you cannot find provide your maid address, I will send. A must read one.

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