Wednesday September 18, 2019 06:44:05
ECONOMYNEXT – Sri Lanka is projecting a 535,000 metric tonne rice surplus for 2019, after two seasons of good harvests, though the island’s paddy cultivators do not produce standard export grades of the grain unlike tea, rubber, coconut and spice farmers.
Sri Lanka’s Department of Agriculture said 3.07 million metric tonnes of paddy was produced in the main Maha season, which can be milled into 1.94 million metric tonnes of rice.
In the Yala minor cultivation season, the paddy crop is estimated at 1.54 million metric tonnes, which could be milled into 0.94 million metric tonnes of rice.
The annual rice availability is estimated at 2.88 million metric tonnes, when a total of 4.61 million metric tonnes of paddy is milled.
The agricultural department is forecasting a rice surplus of 535,870 million tonnes for 2019.
Sri Lanka’s large private milling companies have rice storage. It is not clear how much they have.
In 2015 a bumper harvest was also estimated to have produced a surplus and state rice purchasing agencies ran out of storage.