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Competitive price for paddy harvests to export quality rice

by M.D. Dharmasiri

CIC Fertilizers (Pvt) Limited has come forward to assist the farming community of Sri Lanka by purchasing their paddy harvests at a competitive price with a view to exporting top quality rice. The CIC's initiative comes in the wake of a record paddy harvest in the last year." As there is a huge stock of paddy in the country, we expect to increase the amount of Rs. 13.00 being currently paid to a kilo of paddy to Rs. 15.00 and ensure a stable price for the paddy farmer, Company's Director (Marketing and Operation) Keerthi Kotagama told a press briefing to mark the 10th anniversary of the company. He said steps had been taken to commence the exporting of rice within the next six months." The paddy will be processed at a state-of-the-art rice mill which produces quality rice," he added

The CIC's farms located in Hingurakkgoda achieved a 48,000 MT paddy harvest in the last Yala season and they expect to increase the harvest up to 55,000 MT in this Maha season.

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