The State government offered to sell the paddy to the millers at a price lower than it offered to farmers. However, teh offer does not seem to attract the millers.
Poultry farmers stated that over the past year, production cost increased by roughly 30% which put immense strain on farmers who couldn't stabilise the maintenance of their poultry.
The selection would be based on the ability to import without forex requirements from the Sri Lankan central bank, he added.
The hike will be across the range of commercial vehicles and the quantum will depend on individual model and variant.
From `53-`60 per kg in 2020, the cotton price jumped to an average price of `77 per kg the next year. The price further soared to `100-`113 in the initial half of 2022.
Major blow to investors as market capitalisation of the state-run insurer has come down to Rs 4.19 lakh crore from Rs 6 lakh crore, wiping a total of Rs 1.81 lakh crore
It goes without saying that the increase in prices of different raw materials increases the overall cost of the construction and builders will not bear the additional financial burden.
On Sunday, petrol price was hiked by LKR 50 and diesel by LKR 60 respectively, the third price revision in just over two months.
Power Minister Kanchana Wijesekera requested citizens not to line up for fuel and announced the closure of refinery operations till the arrival of the next shipment of crude.
As prices rise, inflation threatens to exacerbate inequalities and widen the gap between billions of people struggling to cover their costs and those who are able to keep spending.
An abnormal increase in the prices of building and construction materials in the last three years has put builders and contractors in a fix.
At the interbank foreign exchange, the rupee opened at 78.20 against the American dollar. In initial trade, the local currency witnessed a high of 78.19 and a low of 78.24 against the US dollar.
The company further said that the price revision has been necessitated to partially offset the steadily growing overall cost inflation, including commodity prices.
At the interbank foreign exchange, the rupee opened at 78.26 against the American dollar, then inched higher to quote at 78.23, registering a rise of 9 paise from the previous close.
Fast-moving consumer goods companies have been bearing the maximum brunt of rising commodity prices and geopolitical tensions which have forced them to pass on some part of the cost to consumers.