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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Government decides not to import rice

Government decides not to import rice

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1Government decides not to import rice Empty Government decides not to import rice Thu Feb 13, 2020 12:01 am

KavinduTM

KavinduTM
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Feb 12, Colombo:

The Sri Lankan government has taken a policy decision not to import rice.

The Secretary to the President has submitted a report to the cabinet of Ministers informing that although the price of rice has risen in the market, government’s decision not to import rice has saved US $ 100 million in foreign exchange.

According to the report, paddy harvesting of the Maha Season has commenced and it is expected to yield about 3 million metric tons of paddy.

The government has decided to provide a guaranteed price of Rs. 50 for a kilo of paddy and a program has been launched to purchase paddy form the farmers.

2Government decides not to import rice Empty Re: Government decides not to import rice Thu Feb 13, 2020 12:02 am

KavinduTM

KavinduTM
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Yay  Very Happy

Teller

Teller
Moderator
Moderator
100% very good decision. This must be registered as a national policy.


_________________




Teller said is said..

KavinduTM

KavinduTM
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Teller wrote:100% very good decision. This must be registered as a national policy.
Yeah  I love you

ColomboCSE


Manager - Equity Analytics
Manager - Equity Analytics
I was thinking different,

we need to import rice but we should add more value to our "පාරම්පරික සහල් " ( i don't know English name) b'cos it has value.
and we need to promote cinnamon, pepper, vanilla... it has more income compare to rice...
very less space (1 Square kilometer) can gain more profit than rice...

KavinduTM

KavinduTM
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@ColomboCSE wrote:I was thinking different,

we need to import rice but we should add more value to our "පාරම්පරික සහල් " ( i don't know English name) b'cos it has value.
and we need to promote cinnamon, pepper, vanilla... it has more income compare to rice...
very less space (1 Square kilometer) can gain more profit than rice...

Yes but we don't need to import rice. We can produce it in our own land. then farmer will earn more. gov expenditures will reduced. Good for country Smile 

Yeah even we can export rice too. Yes they will work to promote cinnamon , pepper , vanilla exports.

Seems you messed import and export  Question

ColomboCSE


Manager - Equity Analytics
Manager - Equity Analytics
No @KavinduTM

what i mean if we need to make 1Kg Rice total cost(farmer to market) let say examples price LKR 50 but we can import 1kg rice less than that...


We need to convert our farmers rice to high profit plantation(cinnamon , pepper , vanilla... )
then our farmers have more income... country also have more income...


B'cos countries like India,PK,China produced very low cost rice,onion,potato...


we have 65000km2 Very Happy Very Happy to do all... so we can not waste our lands...we have clean lots of green forest in our country so we can not clean more...


Ex: countries like US sell airplane make million profit... countries like china sell small items in high qty.

KavinduTM

KavinduTM
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@ColomboCSE wrote:No @KavinduTM

what i mean if we need to make 1Kg Rice total cost(farmer to market) let say examples price LKR 50 but we can import 1kg rice less than that...


We need to convert our farmers rice to high profit plantation(cinnamon , pepper , vanilla... )
then our farmers have more income... country also have more income...


B'cos countries like India,PK,China produced very low cost rice,onion,potato...


we have 65000km2 Very Happy Very Happy to do all... so we can not waste our lands...we have clean lots of green forest in our country so we can not clean more...


Ex: countries like US sell airplane make million profit... countries like china sell small items in high qty.

Aha i get it.

Actually that is a good idea. But most of our traditional farmers are stuck to paddy. So they need a lot of contribute from gov to change. Government will launch some plan equal to this in upcoming years as now they can't contribute to plantations much. They are in a hard situation. So for now, it is good to stop importing.

However are you sure about below statement?
"what i mean if we need to make 1Kg Rice total cost(farmer to market) let say examples price LKR 50 but we can import 1kg rice less than that"


Good point @ColomboCSE.

I remember GR was always telling about pepper exports. So i believe they will work on it.

Yeah we can't supply a large qty. So it's better to focus in quality products. 
Some other guy mentioned it. As i remember, that was @MarketResearch

ColomboCSE


Manager - Equity Analytics
Manager - Equity Analytics
@Kavindu wrote:However are you sure about below statement?

Yes that's why Gov try to stop import rice, to save our market & farmers other wise they not needed... if we can produced low cost we can export rice...  Very Happy Very Happy Very Happy

10Government decides not to import rice Empty Re: Government decides not to import rice Thu Feb 13, 2020 4:15 pm

ThilinaM

ThilinaM
Vice President - Equity Analytics
Vice President - Equity Analytics
No colombo CSE is wrong - cinemon and other things if prices drop we cant eat. there should be rice farmed 1st. in paddy fields we cant farm other things. we have to find the ways to increase the crop and quality of rice

11Government decides not to import rice Empty Re: Government decides not to import rice Thu Feb 13, 2020 4:16 pm

ThilinaM

ThilinaM
Vice President - Equity Analytics
Vice President - Equity Analytics
1st step we should not import basic food items to SL
second step we export max as possible
3rd step reduce gvt pin expenditure

12Government decides not to import rice Empty Re: Government decides not to import rice Thu Feb 13, 2020 4:49 pm

ColomboCSE


Manager - Equity Analytics
Manager - Equity Analytics
@ThilinaM wrote:we have to find the ways to increase the crop and quality of rice

Yes If we found good way to make with low price , high quality rice then of'cos it's good...

BUT you need to face reality.we are in global economy... 
our grand parents have to spend weeks to travel country to country  now situation change..
our grand parents did not have internet...
daily vegetable ships move India to other countries...
china capture manufacturing markets...


with this big competition we need to do what we can do best.. 



@ThilinaM wrote:cinemon and other things if prices drop we cant eat


if disaster situation we can not survivors only paddy fields

@Thilina now we need to feed 21 million peoples with 65000km2 lands but peoples will doubled in few years and land not...



Last edited by ColomboCSE on Thu Feb 13, 2020 4:57 pm; edited 1 time in total

13Government decides not to import rice Empty Re: Government decides not to import rice Thu Feb 13, 2020 4:56 pm

ThilinaM

ThilinaM
Vice President - Equity Analytics
Vice President - Equity Analytics
@colombo CSE - your view is economical u have not seen reality due to your education.

it dosent matter other contrys make rice for 10 rs and we make for 100rs.

srilanka can reduce its cost by eating there own rice and save money.
when import we have to pay other countrys. 

we get income from garments say   100
and pay for eating to other contrys   150
its -50

my methord
income 100
eating cost (we produce ) 0
profit 100

now dont say we can export cinemon and buy rice bla bla
its not practicle and very risky . we have to depend on other contrys

KEEP REMEMBER BASIC INVESTMENT RULE
PAY YOURSELF FIRST

DONT PAY OTHER COUNTRYS A PENNY

14Government decides not to import rice Empty Re: Government decides not to import rice Thu Feb 13, 2020 4:59 pm

ThilinaM

ThilinaM
Vice President - Equity Analytics
Vice President - Equity Analytics
why usa is powerfull ???oil?? no becoz they feed the world (corn) . food z number 1 priority

15Government decides not to import rice Empty Re: Government decides not to import rice Thu Feb 13, 2020 5:02 pm

ThilinaM

ThilinaM
Vice President - Equity Analytics
Vice President - Equity Analytics
200% agree with Teller SL must make its own food . and 500% taxed on forign food. export taxes should be zero. or gvt should pay export companys  Twisted Evil Twisted Evil Twisted Evil Twisted Evil

this is our country /not like past idiots who beleave fake economics. now generation know the truth.
they can build SL 1 of most powerfull country in next 30 years. we will give the lead to that.

Europians bring specialisation to cerate the dependance to them.
do u know how mutch americans are selfish (please read there tax rules on other countrys)



Last edited by ThilinaM on Thu Feb 13, 2020 5:06 pm; edited 1 time in total

16Government decides not to import rice Empty Re: Government decides not to import rice Thu Feb 13, 2020 5:05 pm

ColomboCSE


Manager - Equity Analytics
Manager - Equity Analytics
@ThilinaM wrote:its not practicle and very risky . we have to depend on other contrys

just tell me plan how to live Sri Lanka without depend on other country? we are importing everything
Oil,medicine...

17Government decides not to import rice Empty Re: Government decides not to import rice Thu Feb 13, 2020 5:07 pm

ThilinaM

ThilinaM
Vice President - Equity Analytics
Vice President - Equity Analytics
Oil medicine are not priority food is priority. we can reduce transport cost and have other alternatives.
we can live 70 year without medicine.

CAN WE LIVE 3 DAYS WITHOUT FOOD???

when we have our own food we can bring SL cost of consumption to zero.
then all export revenue is profit. difference should be invested globally.

18Government decides not to import rice Empty Re: Government decides not to import rice Thu Feb 13, 2020 5:13 pm

ThilinaM

ThilinaM
Vice President - Equity Analytics
Vice President - Equity Analytics
eat your own food and save other expences . do maximum export . srilanka can grow 20% rate.

Chicken/fish and rice should be never imported to SL exept 500% tax all should produce in SL.

19Government decides not to import rice Empty Re: Government decides not to import rice Thu Feb 13, 2020 5:18 pm

ColomboCSE


Manager - Equity Analytics
Manager - Equity Analytics
may be we both have two different view..

what i seen your view is, 
who live in "6 perch land in colombo" and challenging 160 perch land own person in Polonnaruwa we not need your rice i can build it..

Any way Thank you very much Thilina for your comments.

20Government decides not to import rice Empty Re: Government decides not to import rice Thu Feb 13, 2020 5:25 pm

ThilinaM

ThilinaM
Vice President - Equity Analytics
Vice President - Equity Analytics
@colombo CSE - any way im little biased thease days im highly invested in paddy fields. ha ha Laughing Laughing
you are wrong . we have to fid ways to reduce expences. ways to become indipendent.

Job we are slaving. you are proposing SL to become slave of other countrys.
we have to specialise not what we can do best . we have to specialise on what is important.

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