Govt bans Soybean import

Suraj A Bandara

The Government has taken a policy decision to stop importing Soybeans and purchase them at a fixed price of Rs 85 from the local farmers.

The ban was effective from September 28.

Regional Government Farmers' Association will purchase one kilo of Soybean at Rs 85 and will sell to the Threeposha companies at Rs 95. The financial assistance for the Threeposha companies to buy Soybeans will be given by Regional Development Banks.

The storage facilities will be available at Sathosa storage complex affiliated to the Cooperative Ministry. Agriculture project officers of the Ministry will check the quality of Soybeans.

Cooperative Ministry together with Health and Finance Ministries has made this policy decision to increase local Threeposha production. Majority of farmers have cultivated their lands with Maze and Soybeans this season. Finance, Cooperative an Agriculture Ministry officials are making plans to purchase their produce.