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 5g
VideoStories
“Sallay not in critical condition” CID declines request to grant daily legal access to Suresh Sallay

“Sallay not in critical condition” CID declines request to grant daily legal access to Suresh Sallay

Sri Lanka records 5.1% GDP growth in 1Q 2026; Agriculture, industry & services sectors expand: CBSL

Sri Lanka records 5.1% GDP growth in 1Q 2026; Agriculture, industry & services sectors expand: CBSL

CID informs court of probe into contempt allegations against six persons including ex-Ministers

CID informs court of probe into contempt allegations against six persons including ex-Ministers

Govt. has obtained US$ 1.85 bln in foreign loans since assuming power, Finance Ministry data shows

Govt. has obtained US$ 1.85 bln in foreign loans since assuming power, Finance Ministry data shows

"Govt. has no development plans" Dilith Jayaweera says common man is being burdened on a daily basis

"Govt. has no development plans" Dilith Jayaweera says common man is being burdened on a daily basis

"Different virus spreading rapidly at the moment" Officials raise alarm over surge in dengue cases

"Different virus spreading rapidly at the moment" Officials raise alarm over surge in dengue cases

El Niño expected to gradually impact Sri Lanka, experts warn

El Niño expected to gradually impact Sri Lanka, experts warn

Dengue cases surge in Sri Lanka with over 40,000 patients recorded this year

Dengue cases surge in Sri Lanka with over 40,000 patients recorded this year

Sri Lanka Navy launches new book showcasing nation’s maritime heritage

Sri Lanka Navy launches new book showcasing nation’s maritime heritage

Special Dengue Prevention Week in Colombo from June 15 to 21

Special Dengue Prevention Week in Colombo from June 15 to 21

“New corruption cases stalled by CIABOC” Joint Opp. seeks meeting with Chairman to raise concerns

“New corruption cases stalled by CIABOC” Joint Opp. seeks meeting with Chairman to raise concerns

Sri Lanka bans export of mineral resources without value addition

Sri Lanka bans export of mineral resources without value addition

Over 39,000 dengue cases reported islandwide; health officials warn of hospital capacity pressure

Over 39,000 dengue cases reported islandwide; health officials warn of hospital capacity pressure

Court declines request for daily access to detained ex-SIS Director Suresh Sallay

Court declines request for daily access to detained ex-SIS Director Suresh Sallay

Colombo HC dismisses Shashi Weerawansa’s appeal over passport case

Colombo HC dismisses Shashi Weerawansa’s appeal over passport case

Lassana Flora