Sri Lanka, Dec. 16 -- The Cabinet of Ministers has approved steps to mill and release paddy stocks purchased during the last Yala season by the Paddy Marketing Board (PMB) using funds allocated for 2025.

The paddy, bought with an allocation of Rs. 6,000 million, is currently stored in warehouses belonging to the Paddy Marketing Board. Under the approved plan, the stocks will be milled by paddy mill owners registered with the PMB for the year 2025.

Once processed, the rice will be released to the market through the Lak Sathosa retail network and cooperative outlets, with the aim of strengthening food security and ensuring market stability.

The decision follows a joint proposal submitted by the Minister of Agriculture, Livestock, Land an...