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Sri Lanka vegetable prices collapse as supplies flood market after price spike

ECONOMYNEXT – Sri Lanka’s vegetable prices have collapsed at the main fresh produce exchange in Dambulla, a media report said as farmers rushed to bring in supplies after prices spiked in the immediate after math of Cyclone Ditwah. High prices give incentives for farmers to harvest fresh food – even a little early – and transport contractors and collectors to pay higher prices to bring goods to market. “A large number of farmers have come to the market,” one trader told Sri Lanka’s Derana Television. “Prices are substantially lower. Green chillies was 200 rupees in the morning, it is now…

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