Home Sri Lanka Large rice miller made over Rs. 500M in profit through Rs.10 price increase
Sri Lanka

Large rice miller made over Rs. 500M in profit through Rs.10 price increase

Share
Share

A rice mill owner has made a profit of at least Rs. 500 million due to the government’s decision to increase the rice control price by Rs. 10, former Minister of Agriculture Mahinda Amarweera said.

He alleged that some mill owners have earned a profit of about Rs. 1 billion due to this increase.

Amaraweera said that there is a need to increase the price in this way since those businessmen have spent hundreds of millions of rupees on political parties and for their campaigns.

He also blamed the government for not managing the rice stocks properly.

“All reports indicate that the country’s annual rice requirement is 2.4 million metric tons and about 3 million metric tons were produced, and that it has not been possible to manage it due to the incompetence of the government,” Amaraweera added.

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
Sri Lanka

Anuradhapura’s ancient reservoirs and paddy lands falling prey to corruption

A large-scale racket involving the illegal reclamation and sale of ancient reservoirs...

Sri Lanka

Govt. told to implement a property tax – Ranawaka

The IMF has suggested the implementation of a property tax from 2027-28,...

Sri Lanka

Ranil’s bar permits are legal, finance secretary tells court

Finance secretary has submitted a sworn affidavit to courts, admitting the legality...

Sri Lanka

Purpose of cabinet subcommittee for 10 solar panel projects questioned

A cabinet subcommittee has been appointed for a mere 10 solar panel...