Anuradha Tennakoon, Chairperson of the Farmers’ Union, highlighted the significant profit margins earned by importers of Nadu rice. He explained that Nadu rice imported from India could be sold in Sri Lanka at Rs. 150 per kilogram, including shipping and related costs. However, the current retail price of Rs. 220 per kilogram reflects a substantial markup, benefiting importers while placing an undue burden on consumers. Tennakoon emphasized the importance of transparency in pricing and suggested that profit regulation is essential to ensure fairness in the market.
Transparency in Local Paddy Transactions
Tennakoon raised concerns about the lack of transparency in local paddy transactions. He questioned claims by mill owners that they purchased local paddy stocks at Rs. 130 per kilogram, alleging that most paddy had been bought at approximately Rs. 100 per kilogram. These discrepancies, according to Tennakoon, create doubts about the integrity of the pricing system. He called for improved record-keeping and stricter oversight of transactions between mill owners and the government to ensure equitable practices.
Oversight and Monitoring Challenges
The Farmers’ Union Chair criticized the failure of the Consumer Affairs Authority and other relevant bodies to maintain accurate records of domestic paddy and rice stocks during the previous harvest. Tennakoon argued that this lack of monitoring has facilitated market manipulation and artificial shortages, leading to inflated prices. He urged authorities to implement better oversight mechanisms to stabilize the market and protect consumers.
Proposed Solutions for Fair Practices
To address these issues, Tennakoon proposed several solutions. He recommended that the government regulate the profits made by importers, including implementing a taxation system for excessive profit margins. This revenue could then be used to support the local economy and agricultural sector. Additionally, he emphasized the need for accurate and up-to-date record-keeping of domestic paddy and rice stocks, which would improve transparency and accountability. Tennakoon also advocated for stricter market regulations to prevent price manipulation and ensure a steady supply of rice to consumers at fair prices.
Conclusion
Tennakoon emphasized that government intervention is crucial for safeguarding the interests of both local farmers and consumers. By regulating profits, enforcing transparency, and improving market oversight, the government can curb exploitation and foster a fair agricultural economy. These measures are essential for restoring public trust and ensuring that all stakeholders benefit from a balanced and equitable market system.
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