Rice price fix
Sri Lanka’s Ministry of Co-operative and Internal Trade has announced it will set the price of rice from midnight today, reported Ceylon Today.
The rice harvest is expected to be hit hard by the current drought and farmers have been asked to refrain from growing the water-intensive crop, said LBO.
"The drought is worrying us to some extent," Central Bank Governor Nivard Cabraal said.
"In the agricultural side we have to make sure that there is no unnecessary spike in prices. At the same time we can have an impact where generation of electricity generation is concerned."