The Consumer Affairs Authority (CAA) stipulated Maximum Retail Price (MRP) for three varieties of rice from midnight yesterday and the Extraordinary Gazette notification in this regard was issued last night.
Industries and Commerce Minister Rishad Bathiudeen said that the CAA has been directed to act agianst errant traders who sell rice at higher prices.
“The MRPs announced by the Consumer Affairs Authority (CAA) have to be followed. The CAA will act on errant traders who sell at higher prices. We are also working with the Customs to obtain details of rice importers and imported volumes” said.
Minister Bathiudeen and added: “The CAA will set up a team of officials to investigate as to whether these imported rice quantities have been released to the market. Importers who hoard rice stocks will be considered errant and legal measures will be taken against them” said Minister Bathiudeen on 7 February. “Another team of investigators will be set up to investigate and monitor rice quantities milled by the Paddy Marketing Board (PMB).”
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