The release of rice packs prepared using the existing stocks of paddy of the Paddy Marketing Board will officially commence today.
The Paddy Marketing Board will issue the rice under the brand name ‘PMB Rice’ with the aim of controlling the rising price of rice in the market and providing high quality rice to the consumers.
Steps have also been taken to sell 5kg and 10 kg bags of processed rice.
The Paddy Marketing Board is expected to use all its paddy stocks to release 10,000MT of rice per month through Sathosa outlets depending on the market demand.
Chairman of the Board Neil de Alwis said the Paddy Marketing Board intends to sell the rice stocks at a price slightly below the government controlled price.