Drop in paddy harvest causes rise in rice price

The current season is expected to see a 35% drop in the paddy harvest due to drought affecting the condition of crops, which is thought to cause more increases in price for rice.

“We have enough paddy stocks for a few months, but as the market is controlled by private rice mill owners there may be price fluctuations,” Agriculture Ministry Secretary, R.M.D.B. Meegasmulla said.

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