Developing Countries Will Lead Global Rice Import Growth in 2013-22, Says USDA Rice growers positive California MG prices are UP Russia MG Harvest coming to end Egypt open rice exports Vietnam’s rice export in tough competition with India Thai rice exports in May Rise Above Target This Year Viet-Nam Rice exports likely to fall this year
Australia Medium Grain Rice #1 $ N/A    Egypt 101 #2 $760    Egypt 178 #2 Rice $730    EU Prices Baldo €660    EU Prices LG-A Ariete 5% €550    EU Prices MG Lotto 5% €500    EU Prices RG Balilla 5% €500    Russia Rapan $ 700    USA Jupiter Paddy $375    USA Calrose #1 Paddy $480    USA Jupiter Rice $630    USA Calrose #1 $830   

 Main Page
 Home Page of This Title
 Medium Grain Rice Market
 Global Market News
 Grain News
 Pulses News
 Global Overview
 Importers Profile
 Exporters Profile
 What Is Rice
 History Of Rice
 Rice Harvest Seasons
 Rice Processing
 Rice Nutrition Facts
 Meals With Rice
 INCO Terms
 US Rice Standards
 EU Codex Standards
 Egyptian Specs
 Sponsor List
 All Links
 Commodity Exchange
Search in news database
Sri Lanka - announce the guaranteed price, and the total amount of paddy to be purchased
Though the government announced that it would purchase paddy at the rate of Rs 16.50 and Rs 15.50 per kilo, depending on the quality, but only Rs 500 million was allocated to purchase a quantity of 1.3 million metric tons of paddy last season, which amounted only a meager fraction of 2.4 percent of the paddy harvested in the country. Therefore the two presidential candidates must publicly declare the amount of money they would allocate to purchase paddy, said Sarath Fernando, President, National Land and Agriculture Project, at a press briefing to announce a joint attempt to salvage the rice farmer from the grips of annihilation.

The overall attempts is to save the rice farmer from the grips of a few unscrupulous private traders monopolizing, exploiting and dominating the entire rice market.

Fernando said that the failure of the farmers to get out of the grips of the private trader is that these private traders are heavily backed by the state. He said that all these difficulties were encountered by the rice farmers when the World Bank has advised the government to dismantle the Paddy Marketing Board and the State to keep off from the paddy purchasing business and the entire thing to be entrusted to the private sector.

He said that though the government promised to buy a kilo of paddy at the rate of Rs 16.50 the actual cost of producing a kilo of paddy would be around Rs 20.60 and therefore when there is a bumper harvest, the price of paddy goes down to such low prices as Rs 7 to 8 per kilo and the rice farmer would then find it extremely difficult to make the ends meet, so that they would be eternally indebted to the private trader.

He said that this situation has rendered the farmer to mortgage their paddy fields and most of them today are landless peasantry, work as laborers in paddy fields. He said that a Samurdhi recipients who receives Rs 1,500 and would have to spend Rs 900 for the purchase of rice alone.

He said that they are finding different means of using alternate anti-chemical fertilizer and trying to produce a kilo of paddy at a very low cost of around Rs 9 per kilo so that the farmer could get a better margin and also it would benefit the ultimate consumer.
MGR Archive 31.10.2005
Printer Friendly Version Of This Article
Send This Article To A Friend
User Name:
      Forgot your Password?
Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
Click for Details

Medium Grain Reports
Rice Market News
World Rice Markets and Trade
USDA Country Reports
Rice Market Monitor
Rice Outlook
Italian Paddy Supply
European Rice Weekly
EU Reports
Convert this amount:

  © 2002 All rights reserved. - Legal Notice