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ECONOMYNEXT – The Sri Lankan Government is to give pepper growers a subsidy of up to Rs 150 a kilo to cushion the impact of the fall in international and local prices, a spokesman said.

The Cabinet of ministers approved a proposal by Primary Industries Minister Daya Gamage to declare a guaranteed price of Rs 900 a kilo for pepper, spokesman Minister of Land and Parliamentary Reforms Gayantha Karunathilaka said. The Rs 150 subsidy will be given only until the pepper market price reaches Rs 900 a kilo, he told a news conference.