Responding to a global drop in rubber prices, the Sri Lankan government is looking to control the price of rubber by introducing a certified price, said Plantation Industries Minister Mahinda Samarasinghe.
A joint proposal by the Ministry of Plantation Industries, the Ministry of Finance and Planning, Ministry of Economic Development and the Treasury would see the government enforce a set prices for rubber, said the minister.
See more from ColomboPage here and the Island here.
The announcement comes as the government raided over 400 rice vendors who sold rice at higher than government set prices.
See more in our earlier post:
Vendors who hoard rice face ‘stern action’ warns government (30 August 2014)
A joint proposal by the Ministry of Plantation Industries, the Ministry of Finance and Planning, Ministry of Economic Development and the Treasury would see the government enforce a set prices for rubber, said the minister.
See more from ColomboPage here and the Island here.
The announcement comes as the government raided over 400 rice vendors who sold rice at higher than government set prices.
See more in our earlier post:
Vendors who hoard rice face ‘stern action’ warns government (30 August 2014)