By Maheesha Mudugamuwa
The Consumer Affairs Authority (CAA) would confiscate hidden stocks of paddy and release it the market, as per the relevant provisions in the CAA Act.
CAA Chairman Maj. Gen. (Retd.) Shantha Dissanayake said that provisions for this have been made in the CAA Act.
However, large-scale paddy mill owners informed the Ministry of Trade that they cannot supply rice at the controlled price as the price of a kg of paddy had risen to Rs. 63.
As a result, the price of rice in the market has gone up, it is learnt.
Last week, the large-scale paddy mill owners pointed out that the price of rice can be reduced once the middlemen stop storing paddy.
The CAA launched a series of islandwide raids to find paddy stocks hidden by middlemen. At the raids, 11 million kg of paddy hidden in the Anuradhapura District was seized.
CAA to confiscate hoarded paddy
19 Oct 2020
CAA to confiscate hoarded paddy
19 Oct 2020
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