Rice importers in Sri Lanka have initiated discussions with the government to potentially remove the controlled price of rice, citing issues arising from the recent surge in the price of the US dollar. This has led to concerns that the public may face higher prices for rice in the near future.
The rise in dollar prices has significantly impacted the cost of importing rice, prompting importers to request that the government reconsider the taxes imposed on imported rice or remove the price controls altogether. These discussions are seen as crucial for addressing the supply challenges and the financial strain on rice importers.
The government is currently evaluating whether there is room to reduce the taxes on imported rice or to adjust the controlled price policy in a way that ensures both the stability of rice prices and the sustainability of imports. Importers have previously raised these concerns, seeking a solution that would prevent a further rise in rice prices, which would negatively affect consumers.
