Unlimited import of rice in bid to check prices By Damith Wickremasekara and Chrishanthi Christopher Prices of powdered milk go up, talks on increasing prices of gas and other items View(s): View(s):The Cabinet has decided to allow unlimited imports of rice in a fresh attempt to prevent traders from exorbitantly increasing prices following the withdrawal of the gazette notification on maximum retail prices. The Government earlier failed to control rice prices although it carried out raids on paddy stores of large scale rice millers and issued a gazette notification on maximum retail prices for rice. Meanwhile, in a similar move, the Government on Friday withdrew a gazette notifications on prices of powdered milk, flour, gas and cement. 600 price increase but that was when the world market price was $600 a metric tonne. They said that removing the price ceiling on essential items would give traders the licence to increase prices arbitrarily.

Source: Sunday Times October 10, 2021 00:22 UTC