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DateLine Sunday, 23 March 2008

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Gold prices sparkle - investors benefit

There has been a drop in sales due to the sudden increase in gold prices which has hit a record high of US$ 1,000 an ounce, according to jewellery manufacturers. A gold sovereign weighing 24 carats increased from Rs. 26,100 last month to Rs. 27,400 due to the weakening of the US dollar and the surge in world oil prices which has hit US$ 109 a barrel.

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Paddy farmers in dire straits

Paddy farmers in all parts of the country are in dire straits as heavy rains during the past three weeks have destroyed their harvest. According to estimates 5-6% of the Maha season harvest has been lost and the price of paddy has dropped to Rs. 17 per kg.

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Sri agro practices command higher market price

Changing the present agricultural practices in the country for the better is difficult, since our agro researchers and bureaucrats serve multinational agro chemical companies, said Minister of Nation Building, Salinda Dissanayake.

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