Business

The Cabinet of Ministers in Sri Lanka has given the green light to process paddy stocks that were bought by the Paddy Marketing Board (PMB) and to sell the rice in the market. The PMB purchased this paddy during the last Yala season using 6,000 million rupees set aside for it in 2025. This stock is currently stored in PMB warehouses. The Cabinet approved a joint proposal from the Minister of Agriculture, Livestock, Land, and Irrigation and the Minister of Trade, Commerce, Food Security, and Cooperative Development. This plan includes steps for paddy mill owners registered with the PMB to mill the paddy and then distribute the rice through the Lak Sathosa and cooperative networks.