July 27, 2024
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    President Gotabaya Rajapaksa has directed Consumer Affairs Authority (CAA) that immediate steps be taken to enforce the declared Maximum Retail Prices (MRPs) and ensure uninterrupted market supply of essential goods during this festive season which times consumers are vulnerable to market manipulation. Recently, the Authority has gazetted a MRP on rice at Rs. 98/kg. This decision was arrived at by the Cabinet of Ministers having consulted the major suppliers and verified stock positions in the country.

    Major millers agreed that they will mark this price at their rice packets and ensure their retail distribution network will sell such rice at this price. However, there are complaints that this is not complied with in several places. Therefore, the CAA is instructed to check the market supply situation to deploy a team to check the stock and daily releases at rice milling supply stations. The CAA should also initiate immediate actions to check the rice suppliers at Pettah and other major markets.

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