Wise decision to remove price control on rice By Prof. Samson Ekanayake Feature View(s): View(s):Various parties have tried to portray the government’s decision to abolish the control price for rice as a defeat, a betrayal of consumers, a surrender to the paddy mill owners, a foolish act, an understanding of the reality, or as a wise decision. When it comes to consumers, they had to pay a higher price than the control price when buying rice, which was even higher than the price that prevailed before the price control was introduced. The first is that consumers must pay a higher price than the control price. Instead of setting a control price for rice, the above measures can be effectively used to stop the mill owners from unjustly raising/fixing the price of rice. Based on the above reasons, it can be concluded that the removal of the control price on rice by the government is a wise decision.

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