The Cabinet has decided to import more than 200,000 metric tons of rice to stabilise the price of rice during the festive season.
The Secretary to the Industry and Commerce Ministry, K.D.N. Ranjith Ashoka, said the imported rice stocks would be issued through Lanka Sathosa and Co-operative societies.
However, retail prices of rice are still high.
The Secretary further stated that a controlled price will have to be imposed if the situation persists.