Sri Lanka will be importing wheat as a substitute for corn under temporary import licenses to help the poultry industry.
Cabinet approval has been granted towards this end In order to control the escalation of prices of chicken and eggs due to total stoppage of import of especially corn as the raw material for the production of poultry food,
Permission has been granted to import wheat subject to temporary import licenses as a substitute for corn, the state information office said.
Accordingly, an appropriate programme is to be implemented by responsible institutions for the provision of required lands, seeds, fertilizer and technology to increase the corn cultivation in the country.
The initial meeting of the Cabinet subcommittee on the cost of living appointed to find policy and practical remedies required to maintain the cost of living within the country at a stable rate was held on 31 August with President Gotabaya Rajapaksa at the chair.
Accordingly, the Cabinet granted its approval for the decisions tabled by the Minister of Trade taken at the sub-committee on the following facts in order to ensure the continuous supply of food items to the market without shortage and the regulation of the cost of living steadily and to take actions as per the decisions taken there upon.
Measures as follows:
- Paying more attention on the goods categories severely affected by the cost of living phenomenon when acted on it
- Maintenance of a fixed local policy and limitation of imports only to essential items so that the farmer can be encouraged once again to cultivation
- Preparation of a methodology for the consumers to obtain goods at a reasonable/fair price by imposing a proper price for the productions of the farmer since the price of the goods is escalating due to the influence from the mediators
- Establishment of a seed bank as a remedy to the shortage of higher standard seed categories that can be cultivated locally as well as for the conservation of obsoleted local seed categories
- Implementation of an efficient distribution methodology for the consumers to purchase products such as vegetable and fruits at a reasonable price across the regulation of price