Part of paddy buffer stock released

Irangika Range

The government has released a part of the buffer stock of paddy stored in Paddy Marketing Board (PMB) granaries to the market from Thursday, to cater to consumer requirements for the festive season.

"We maintain a buffer stock of paddy to be released to the market, during times of shortage or to be used in emergency situations," Co-operatives and Internal Trade Minister Johnston Fernando told the Daily News.

"Therefore, we have decided to release a certain stock of paddy at concessionary rates for the festive season," he said.

"Sufficient stocks of paddy will be released from the buffer stocks maintained at the PMB stores islandwide to meet the consumer demand," he said.

"This move will help stabilize rice prices in the local market, enabling consumers to make their purchases at concessionary rates," the minister said.