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Sri Lanka Equity Forum » Stock Market Talk » Sri Lanka President instructs officials to take steps to control soaring vegetable prices

Sri Lanka President instructs officials to take steps to control soaring vegetable prices

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KavinduTM

KavinduTM
Vice President - Equity Analytics
Vice President - Equity Analytics
Feb 24, Colombo: 

Sri Lankan President Gotabaya Rajapaksa has instructed the officials to implement a program to control soaring vegetable prices to provide relief to consumers while safeguarding farmers.

During a meeting held at the Presidential Secretariat, today (24) with the officials of the Ministry of Mahaweli Development and the Ministry of Trade the President said that there should be an immediate intervention to control rising prices of vegetables which has led to an increase in cost of living.


Vegetables are brought to Dambulla from the areas of vegetable cultivation. After this process, again vegetables are distributed back to the original areas from Dambulla. Due to waste in transport a large amount of crop go waste. President Rajapaksa pointed out that this procedure is not correct at all.

During the meeting the attention was also drawn to explore the possibilities of vegetable cultivation in state lands belonging to plantation companies not only limiting to coconut cultivation.

The President also pointed out that although economic centers were set up to provide relief to consumers and small traders, issues have arisen as these centers are controlled by large scale traders with vested interests.

The government paddy purchasing process was also taken into consideration. These tasks are being carried out successfully with the assistance of the Army. Paddy storage warehouses have been renovated in several areas. The President instructed the officials to repair all other paddy storage warehouses immediately.

During the meeting it was also discussed in detail regarding the issues related to the residents of the Moragahakanda – Kalu Ganga project. Issues that have arisen due to non-payment to the contract companies also discussed during this meeting.

Attention was also drawn to the protection of projects such as Uma Oya and to create reservations in those areas.

Minister of Mahaweli, Agriculture, Irrigation and Rural Development, Chamal Rajapaksa, State Minister Roshan Ranasinghe, Ministry Secretaries and Senior Officials participated in this meeting.

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