By Sarah Hannan
The Small and Medium Scale Rice Mill Owners’ Association has raised concerns over large-scale rice mill owners attempting to set larger profit margins in the upcoming inter-cultivation season and has called for streamlining the process of paddy stock purchasing and storing, The Morning learnt.
Association President B.K. Ranjith, speaking to The Morning, said that large-scale rice mill owners are once again getting ready to set a big profit margin during the upcoming inter-cultivation season using their old paddy stocks that they would be milling and releasing as rice to the market.
“We do not have the necessary tools or the capacity to stockpile paddy from the previous season’s yields and therefore always use the fresh paddy stocks for milling. That gives the large-scale mill owners an unfair advantage this time around as we will have to purchase paddy stocks at the new price that is stipulated by the Government, whereas they will use old paddy stocks they bought at a cheaper rate and make larger profits,” Ranjith elaborated.
Furthermore, the Association had given the information to the Consumer Affairs Authority (CAA) to conduct a proper investigation to determine the amount of paddy stocks that are available with large-scale rice mill owners.
When contacted, CAA Director of Consumer Affairs and Information Asela Bandara said: “We are conducting investigations based on the information supplied by them and taking into consideration the concerns that have been raised by them. Our district CAA officers are now taking stock of the availability of paddy and would then look at taking appropriate action, should we find that the said parties are making large profit margins given the price revisions.”
Members of the Association have only one request they have been continuously making to the authorities, which is to streamline the mechanism of paddy purchasing and stocking, and to monitor as to how much of stocks remain with large-scale rice mill owners at the end of one harvesting season in order to determine the price points that are set during the inter-cultivation season milling process.CAA to note available paddy stocks
07 Oct 2020
CAA to note available paddy stocks
07 Oct 2020
By Sarah Hannan
The Small and Medium Scale Rice Mill Owners’ Association has raised concerns over large-scale rice mill owners attempting to set larger profit margins in the upcoming inter-cultivation season and has called for streamlining the process of paddy stock purchasing and storing, The Morning learnt.
Association President B.K. Ranjith, speaking to The Morning, said that large-scale rice mill owners are once again getting ready to set a big profit margin during the upcoming inter-cultivation season using their old paddy stocks that they would be milling and releasing as rice to the market.
“We do not have the necessary tools or the capacity to stockpile paddy from the previous season’s yields and therefore always use the fresh paddy stocks for milling. That gives the large-scale mill owners an unfair advantage this time around as we will have to purchase paddy stocks at the new price that is stipulated by the Government, whereas they will use old paddy stocks they bought at a cheaper rate and make larger profits,” Ranjith elaborated.
Furthermore, the Association had given the information to the Consumer Affairs Authority (CAA) to conduct a proper investigation to determine the amount of paddy stocks that are available with large-scale rice mill owners.
When contacted, CAA Director of Consumer Affairs and Information Asela Bandara said: “We are conducting investigations based on the information supplied by them and taking into consideration the concerns that have been raised by them. Our district CAA officers are now taking stock of the availability of paddy and would then look at taking appropriate action, should we find that the said parties are making large profit margins given the price revisions.”
Members of the Association have only one request they have been continuously making to the authorities, which is to streamline the mechanism of paddy purchasing and stocking, and to monitor as to how much of stocks remain with large-scale rice mill owners at the end of one harvesting season in order to determine the price points that are set during the inter-cultivation season milling process.Kapruka
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Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!