header logo
Asia asset finance
Mogo Academy
Latest
No food crisis in Sri Lanka to come out from, Cabraal tells BBC
Sep 11, 202103:53 PM
No food crisis in Sri Lanka to come out from, Cabraal tells BBC

State Minister of Money and Capital Market and State Enterprise Reforms, Ajith Nivard Cabraal has reiterated that there is no food crisis in Sri Lanka to come out from.

 

“Like other countries of the world Sr Lanka too faces challenges. They can be overcome through prudent policies. The country’s economic growth rate this year will be 4.5 percent,” Mr. Cabraal said in an interview with BBC.

 

When asked as to why the government denied there is a food shortage while a food emergency has been declared to address the same issue, Cabraal responded that some unscrupulous traders had mischievously hoarded stocks of several food items in order to create an artificial shortage and profit by such exercise. Naturally, government had to take the necessary steps to deal with the situation, he added.

 

Speaking further, the state minister pointed out that the creation of an artificial shortage by unscrupulous elements obviously leads to increases in prices. “If, however, there are laws and regulations to deal with such situations and punish the culprits, it would be a deterrent to those elements to create a situation which leads to higher prices.”

 

The government does not foresee a food shortage in future, Cabraal added.

 

Responding to a question on how much inventory is available in Sri Lanka on rice, fuel, sugar, kerosene oil, LPG, wheat flour and other essential items, the state minister said, “The government can give a categorical and firm assurance that all essential items would be readily available at all times. Food security and Law & Order are two of the top most 2 priorities of the government, and hence the government considers the availability of all essentials as a vital part of its functions.”

 


Full transcript of the interview is produced below:

 

 

 

BBC Answers (Release No - 925) by Adaderana Online on Scribd

 

 

 

 

 

MostRead
Mobitel Upahara
VideoStories
Sri Lanka's health system at risk due to surge in dengue cases; PHIs intensify crackdown

Sri Lanka's health system at risk due to surge in dengue cases; PHIs intensify crackdown

SJB-UNP coalition on the cards; Sajith calls for reduction in fuel prices, electricity tariffs

SJB-UNP coalition on the cards; Sajith calls for reduction in fuel prices, electricity tariffs

“Safeguard Suresh Sallay’s health and legal rights” Global Sri Lankan Forum writes to President

“Safeguard Suresh Sallay’s health and legal rights” Global Sri Lankan Forum writes to President

“Sri Lanka's core issue is weak financial literacy” -Derana Deputy Chairman Laksiri Wickramage

“Sri Lanka's core issue is weak financial literacy” -Derana Deputy Chairman Laksiri Wickramage

Sarath Weerasekara writes to ARFRO on Suresh Sallay's behalf

Sarath Weerasekara writes to ARFRO on Suresh Sallay's behalf

Government puts up theatrics to avoid farmers' concerns – MP Dilith Jayaweera

Government puts up theatrics to avoid farmers' concerns – MP Dilith Jayaweera

‘We have no intention of following previous regimes’ – PM Harini Amarasuriya

‘We have no intention of following previous regimes’ – PM Harini Amarasuriya

Suresh Sallay treated at National Hospital for 12 days; Maligakanda Magistrate visits for inspection

Suresh Sallay treated at National Hospital for 12 days; Maligakanda Magistrate visits for inspection

Govt. launches island wide dengue control programmes; public urged to stay vigilant

Govt. launches island wide dengue control programmes; public urged to stay vigilant

Farmers stage protests urging govt. to purchase paddy at a fair price

Farmers stage protests urging govt. to purchase paddy at a fair price

Sugeeshwara Bandara arrested over allegations of misappropriating state funds

Sugeeshwara Bandara arrested over allegations of misappropriating state funds

'No one can influence public appointments'  Govt denies officials appointed at Cardinal’s request

'No one can influence public appointments' Govt denies officials appointed at Cardinal’s request

Crucial data on Suresh Sallay’s devices may prove innocence, claims Udaya Gammanpila

Crucial data on Suresh Sallay’s devices may prove innocence, claims Udaya Gammanpila

Yoshitha Rajapaksa released on bail following arrest by the Bribery Commission

Yoshitha Rajapaksa released on bail following arrest by the Bribery Commission

Political debate intensifies over Suresh Sallay detention and CID conduct

Political debate intensifies over Suresh Sallay detention and CID conduct

Lassana Flora