Lanka to import 30,000 tonnes of Indian rice

Sri Lanka has decided to import immediately 30,000 tonne of non-basmati pooni rice from India to fight the high inflation rate which is in double digits now owing to a rise in the cost of essential commodities.

"The government will import 30,000 tonne of Indian rice that could be brought from Singapore as the export price charged by the Indian traders could touch 500 dollars a tonne," an official said here.

The Lankan government is to import the quantum of rice in two weeks to reduce the domestic prices.

According to statistics, the high wheat flour prices have brought about a decline in its consumption by about 40 per cent in the past two weeks.

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