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Sri Lanka increases import tax for rice, wheat
Mar 18, Colombo: The Sri Lankan government has decided to increase the import tax for rice from Rs. 9.90 to Rs. 20.00.

It aims to control the inflow of imported rice to the local market and benefit Sri Lankan farmers by not allowing the rice price to go down.

The government has also increased the import tax for wheat flour by Rs. 10 per kilo to discourage flour imports and to boost the demand for local rice.

The yields of the Maha season are coming to market now, and the government expects a bumper paddy harvest of around two million metric tons. It expects to buy paddy this season at a total cost of Rs. 7 billion. The government registered price is Rs. 17.50 for 'samba' paddy and Rs. 16.50 for 'nadu' paddy. The price offered by private merchants is less.

Sri Lanka usually cultivates around 560,000 hectares of paddy in the Maha season and 310,000 hectares in the Yala season.
MGR Archive 19.3.2006
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Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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