Colombo (LNW): Agriculture and Plantation Industries Minister Mahinda Amaraweera proposed a Cabinet Paper aimed at slashing the cost of Muriate of Potash (MOP) fertiliser by 50 percent.
Currently, state-owned fertiliser companies have 28,600 metric tons of MOP fertiliser in their warehouses.
Dr. Jagath Perera, Chairman of government-owned fertiliser companies, emphasised that reducing the price of MOP fertiliser would lead to a 50 percent cost reduction.
The Cabinet Paper, outlining this reduction, has been submitted for approval to the President.
Minister Mahinda Amaraweera made this announcement on the 5th while commencing the development of the Walasmulla Omara village as the second stage of an agribusiness village.
