Boost in plantation exports and increased fertiliser subsidies

July 31, Colombo (LNW): From January to April 2024, Sri Lanka’s export income from tea, rubber, coconut, cinnamon, and pepper surged to $1,118.06 million, up from $884.6 million in the same period in 2023, marking a $234 million increase.

At a meeting on 29th July, chaired by Agriculture and Plantation Industries Minister Mahinda Amaraweera, it was decided to double the fertiliser subsidy for tea plantations from Rs. 2,000 to Rs. 4,000.

Additionally, a programme for reconstructing roads in tea plantations will commence to prevent damage to tea quality during transport.

The Sri Lanka Tea Board has allocated Rs. 2,000 million for these initiatives.

The meeting was attended by Ministry Secretary Janaka Dharmakeerthi, and chairmen of the Sri Lanka Tea Small Holdings Development Authority and the Sri Lanka Tea Board, Niraj de Mel.

Share post:

spot_imgspot_img

Popular

More like this
Related

Anti-Terrorism Bill’s Broad Secrecy Clause Threatens Public Oversight of Security Operations

Sri Lanka’s proposed anti-terrorism legislation has triggered another serious...

Untapped Women’s Talent Exposes Sri Lanka’s Economic Opportunity Gap

Sri Lanka's ambition to become a competitive regional investment...

SL Govt’s Security Bills Threaten Rights, Dissent and Sri Lanka’s GSP+ Lifeline

The Government’s proposed security legislation is rapidly developing into...

Exporters Face Regulatory Barriers despite Soaring Export Growth

Sri Lanka’s export sector is recording encouraging growth in...