Sri Lanka revives fertiliser subsidy to support tea industry

Date:

August 25, Colombo (LNW): The Ministry of Agriculture and Plantation Industries has reinstated its fertiliser subsidy programme to alleviate costs for tea growers in Sri Lanka.

This initiative, aimed at reducing financial pressures on tea cultivators, involves lowering the prices of five essential types of fertiliser produced by the State Fertiliser Company.

Under this new scheme, the cost of a 50kg bag of tea fertiliser has been slashed by Rs. 4,000, providing significant relief to tea planters nationwide.

The fertiliser types affected by this price reduction include T 200, T 750, U 709, U 834, and T 65.

Minister of Agriculture and Plantation Industries, Mahinda Amaraweera, announced that the programme will be funded with an investment of Rs. 2.4 billion from the Sri Lanka Tea Board, with no government funds being used.

This substantial financial commitment reflects the government’s dedication to supporting the tea industry and stabilising its input costs.

Share post:

spot_imgspot_img

Popular

More like this
Related

Ceylon Dollar Bond Fund Shines amid Revival of Sovereign Confidence

Sri Lanka’s dollar bond market once battered by default...

Sri Lanka beer market balances tax burden with tourist-driven demand

Sri Lanka’s beer sector is navigating a delicate balance...

Expert Warns of dismantling tariffs and para-tariffs Risking  Economic Stability 

Sri Lanka must not rush into dismantling tariffs and...

Sri Lanka Tourism Booma, amidst Revenue Bust and : Mismanaged Agencies

Sri Lanka may be celebrating record-breaking tourist arrivals, but...