Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.

Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

Submit Post
සිංහල පරිවර්තනය

Display results as :


Rechercher Advanced Search

Latest topics

» Market Sell Off
by DS Wijesinghe Today at 1:18 pm

» AEL Declines to 20.9
by cse_eagle Today at 10:23 am

» Marriott International to open its first Sri Lankan hotel in 2014
by mahasona Today at 12:09 am

» MACD A Powerful Tool to Predict Market Trends
by wiser Yesterday at 7:37 pm

by samaritan Yesterday at 7:20 pm

» No confidence motion and CSE
by samaritan Yesterday at 11:19 am

by Ran49 Yesterday at 7:39 am

» Wiser's TA Chart Room
by EquityChamp Mon Mar 19, 2018 3:23 pm

» HVA March reports
by Yazaar92 Fri Mar 16, 2018 3:32 pm

» Earn 1.5% daily interest.. guaranteed..
by Uaecoindubai Fri Mar 16, 2018 5:19 am

» At least 30 % return within 30 days
by Theekshana Thu Mar 15, 2018 9:28 pm

» Stocks we can buy at current situation
by Harry82 Thu Mar 15, 2018 5:55 am

» Sri Lanka Equity Research
by Mohamed Siraj Thu Mar 15, 2018 12:13 am

» A Humble Request to Fill Up an Online Survey for Research Purpose
by Mohamed Siraj Thu Mar 15, 2018 12:06 am

» CDB is Silent killer in Banks.
by Harry82 Wed Mar 14, 2018 7:55 pm

» CDB - Jounery Begun..
by ranferdi Wed Mar 14, 2018 1:07 pm

» What is the situation of Adam Group
by ranferdi Tue Mar 13, 2018 2:58 pm

by sharemarket Tue Mar 13, 2018 1:43 pm

» Egg Supply of sri lanka. (NEWS)
by suku502 Tue Mar 13, 2018 1:38 pm

» REEF getting GREEN
by Ran49 Mon Mar 12, 2018 9:45 pm

Forum Disclaimer

The information contained in this forum have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein. its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever.

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market News » Sri Lanka expects record rice crop in 2016

Sri Lanka expects record rice crop in 2016

Go down  Message [Page 1 of 1]

1 Sri Lanka expects record rice crop in 2016 on Wed Jan 27, 2016 10:51 pm


As I expected,we can expect record grain harvest in the MAHA season, the largest harvest season in Sri-Lanka. Similarly, we can expect good news from the hydro power generation sector as well. This will help to contain inflation further.
ECONOMYEXT - Sri Lanka is expecting a record rice production of 2.93 million metric tonnes in the current major cropping season (Maha) up 7 percent from the average over the last three years, forecasters have said. The Department of Agriculture at the University of Peradeniya said up to December 2015 769,000 hactares of paddy had already been sown, which was 5 percent higher than the average of the last three years. This was 92 percent of the targeted 838,142 hectares targeted fro this year. In Kurunegala, Amapara and Mahaweli H system, higher than targeted extents had been sown. In Batticaloa, 12,500 hactares have been damaged by floods while pest damage in Ampara, Kaluthara, Galle and Nuwara Eliya districts had taken the total to 14.149 hactares. Havesting will begin from the Eastern Province, Kurunegala and Moneragala districts. In January about 9 percent the crop will come off the fields, in February 54 percent and in March 37 percent. Sri Lanka's state buys up rice to keep prices artificially high and rice had been piling up in warehouses. Import taxes also prevent cheaper rice from coming to poor consumers. During the last decade wheat prices consumed mostly by the poorest people in Sri Lanka especially in estates were taxed at high levels to keep them out of their reach. Most of Sri Lanka's rice does not fall into standard internationally traded grades and cannot be readily exported. (Colombo/Jan27/2016)

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum