Rice mill owners have once again increased the wholesale prices of Nadu, Samba, and Kiri Samba rice, causing significant challenges for traders across Sri Lanka. The new wholesale price for a kilogram of Nadu rice has been raised to Rs. 255, while Samba rice now costs Rs. 260 per kilo. Kiri Samba rice, known for its superior quality, has been increased to Rs. 275 per kilo.
These hikes come just a week after Nadu was sold at Rs. 235-240 per kilo, Samba at Rs. 250, and Kiri Samba at Rs. 260-265 per kilo. The new prices far exceed the government-regulated ceiling, which mandates Nadu rice to be sold at Rs. 220, Samba at Rs. 230, and Kiri Samba at Rs. 260 per kilo.
Despite a circular from the Consumer Affairs Authority enforcing these controlled prices, retailers say they cannot comply due to the continuous increases by mill owners. Adding to the pressure, mill owners have instructed wholesalers to deposit payments at the new rates before receiving stock, leaving traders with little choice but to pass the burden on to consumers.
This situation is expected to worsen in the coming weeks as traders anticipate further price increases and potential shortages, which will ultimately impact consumers who are already grappling with the rising cost of essential goods.
