Paddy price set at Rs. 50 per kilo

The Finance Ministry yesterday said it has released the relevant funds to purchase the Yala Season harvest with the price per kilogram set at Rs.50. 

The Finance Ministry said necessary funds had been released to the Paddy Marketing Board, following a directive of President Gotabaya Rajapaksa. The Ministry said in previous years, a kilo of Nadu was bought at Rs. 38 while a kilo of Samba was purchased at Rs. 41. 

“The change in prices was made to ensure that paddy farmers would receive a fair price for their produce, in line with President Gotabaya Rajapaksa’s election manifesto,” the statement said. 

Warehouses of the Paddy Marketing Board have been opened and paddy purchasing has already begun, the Ministry added.