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DateLine Sunday, 20 April 2008

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Rice prices will stabilise soon - Secretary

There is no scarcity of rice in Sri Lanka and with the completion of the harvest for the Maha season the prices will be stable, said Secretary, Ministry of Trade Marketing Development Co-operatives and Consumer Services, Dr. R.M.K. Ratnayake.

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Traders up in arms against fixed rice prices

Traders are not willing to sell rice at the prices fixed by the government since it is totally unprofitable and that they are losing heavily on the old stocks, market sources said.

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No fuel hike immediately - Fowzie

Minister of Petroleum and Petroleum Resources Development A.H.M. Fowzie said fuel prices will not be increased immediatley but the Ministry will use hedging and other market tools to keep prices stable.

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Imprudent policies will hit poultry industry

Chairman of the AIPA Dr. D. D. Wanasinghe said that the poultry industry in Sri Lanka is in a serious crisis due to lack of government support and imprudent policies. The industry has been on the decline since 2005 and as a result 25% of small farmers have closed their ventures.

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