This decision was taken to ensure country will have adequate rice stock at affordable prices till Maha production is available for consumption,” the Finance Ministry said.
Total money invested by the Government on the present paddy stock is Rs. 4.10 billion. In addition, the Government has also facilitated state banks to grant Rs. 4.70 billion to build up paddy stocks in the country.
The export ban of paddy and rice will ensure more than required rice supply for the balance period at stable prices at current level stabilizing the Cost of Living as well,” the Finance Ministry said.