Vendors who hoard rice face ‘stern action’ warns government
The Sri Lankan government announced that rice millers who hide stock face ‘stern action’ as it set a deadline for all vendors to submit details of their stock.
Private mills and stores will be raided after the September 15th deadline to search for hidden stocks, with the government warning those traders who they claim are trying to inflate rice prices.
The government earlier set prices for rice, with the Consumer Affairs Authority having so far raided 400 vendors who had sold goods at higher than the set limit.
Meanwhile Sri Lanka is set to import some 100,000 tons of rice from Bangladesh, Pakistan and Vietnam, with Sri Lanka’s Finance Ministry forecasting that 15 per cent of the paddy harvest will be lost this year due to drought.