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Agriculture Minister: Some millers make Rs. 50 bn in profit per cultivation season

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By Saman Indrajith

Agriculture Minister Mahindananda Aluthgamage told Parliament yesterday that the country’s leading rice millers were making 50 billion rupees in profits in a single cultivation season.

Participating in the debate on the promulgation of emergency laws by the President, the Minister said there was a mafia of four or five top millers. “Their profit in a single season is 50 billion rupees. During the last two seasons, the paddy farmers produced around 5.3 million kilos of paddy from which 3.2 million metric tonnes of rice could be produced. The top millers bought nadu paddy at 55 rupees a kilo from farmers and are selling it at 125 rupees a kilo. Samba paddy was bought at 60 rupees and sold at 160 rupees. Keeri samba paddy was bought at 60 to 65 rupees. They sold keeri samba at 225 rupees,” the minister said.

The Minister said that the objective of the emergency regulations to control essential food prices were not due to a food shortage but to control the food mafia from exploiting the current situation. “There isn’t any food shortage in the country. It is not a food shortage but a food mafia. The new emergency regulations are to control this mafia,” he said.

The minister said 800,000 hectares of land had been under paddy cultivation in the last ‘Maha’ and ‘Yala’ cultivation seasons and the country would have around 3.2 million metric tonnes of rice once all paddy was converted. “There is no shortage of rice. We have no problem of feeding the people of this country. We also get 2.5 to 3 million metric tonnes of vegetables to economic centres every day. So I can say there is no rice or vegetable shortage,” he said.

SJB MP Ranjith Madduma Bandara said those millers were close supporters of the government and some were related to government rank MPs. “Two of the biggest rice millers are inside the parliament. The other main person is the brother of an MP. They are all with the government. Why can’t you catch them?” MP Madduma Bandara queried.



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Chemmani mass graves: Govt to seek international forensic help

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ECONOMYNEXT –International assistance for forensic analysis of the remains unearthed at the Chemmani mass grave will be sought when the need arises, Sri Lanka’s Minister of has Justice said after opposition legislators urged the government to seek help.

“We have spoken to embassies, we have made all the local finances necessary for excavation. But when it comes to DNA analysis, depending on the type and nature we will definitely have to go for internationally recognised places,” Harshana Nanayakkara said in response to a query in Parliament.

Nanayakkara said that request for international expertise is dependant on the direction the courts give on what needs to be done, after which they will decide which agency best suits the proceedings.

The minister also recognised that local expertise is lacking in the forensic department, and the need to train local staff with the help of international experts.

Opposition MPs argued that the present need is direct help in forensics from international entities, rather than the longer term need to train the staff on analysis.

Currently, the investigation is in the excavation and exhumation stage, conducted by archaeologist Raj Somadeva and his team.

The existence of the Chemmani mass grave was first brought to light in 1998, during the trial of the rape and murder of schoolgirl Krishanti Kumaraswamy.

In February 2025, construction workers found remains near the Sinthupathy Cemetery, and following investigations ordered by the Learned Magistrate, the mass grave was discovered.

412 bodies have been discovered, with 409 bodies recovered as of 23 June 2026. According to the Office on Missing Persons, this is the 17th recorded mass grave in Sri Lanka.

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ADB approves $57.4 million package to boost Lanka’s rooftop solar drive

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The Asian Development Bank (ADB) has approved a $57.4 million financing package to help Sri Lanka expand access to affordable clean energy and reduce greenhouse gas emissions through a large-scale rooftop solar aggregation and virtual net metering programme.

The financing comprises a $35 million concessional loan, $16.9 million in grants from the European Union and $5.5 million from the Japan Fund for the Joint Crediting Mechanism. With additional contributions from implementing agencies, the total estimated cost of the project is $80.5 million.

Under the Rooftop Solar Aggregation and Virtual Net Metering Project, two state-owned utilities — Electricity Distribution Lanka (Private) Limited and Lanka Electricity Company (Private) Limited — will introduce a scalable model to collect electricity generated from large rooftop solar installations and allocate the benefits virtually among eligible consumers.

The initiative will allow consumers to access solar power benefits without having to install individual rooftop solar systems.

ADB Country Director for Sri Lanka Shannon Cowlin said the project would broaden access to affordable renewable energy while strengthening the resilience and inclusiveness of the country’s power sector.

She said the initiative would also support grid modernisation and digital transformation, while creating employment opportunities and encouraging greater participation of women and youth in the clean energy sector.

The project is expected to benefit micro, small and medium enterprises and community organisations that face financial or space constraints in installing their own rooftop solar systems. Through a social compensation mechanism, eligible groups will receive reductions in electricity costs under the virtual net metering system.

The programme will support around 25 megawatt-peak of rooftop solar capacity while strengthening distribution networks, improving digital capabilities and preparing the national grid to accommodate higher levels of distributed renewable energy.

A dedicated training facility will also be established under the project to develop green skills, enhance women’s participation in the sector and build technical expertise in advanced low-carbon technologies.

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Bond scam case against Mahendran, Ravi K fixed for July 22

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The Colombo High Court on Friday ordered that proceedings in the case filed against 11 defendants, including former Central Bank Governor Arjuna Mahendran and former Finance Minister Ravi Karunanayake, over alleged irregularities in the Central Bank bond auction be taken up again on July 22.

The case was called before Colombo High Court Judge Manjula Thilakaratne, who informed court that the Trial-at-Bar bench appointed to hear the matter had not been properly constituted.

Accordingly, the judge directed that the case be recalled on July 22 for further proceedings.

The Attorney General has filed indictments under the Public Property Act against 11 accused, including Mahendran, Karunanayake, Perpetual Treasuries Limited and its directors Arjun Aloysius and Geoffrey Aloysius.

The accused have been charged over alleged irregularities connected to a Treasury bond auction conducted by the Central Bank in March 2016.

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