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

A Strategic Imperative: Restoring the Medical Backbone of the Sri Lanka Army

Narahenpita Military Hospital, an establishment critical in providing a...

Shame on You JVP – Your Slip is Showing

By Adolf  The JVP has long built its political identity...

Sri Lanka’s Banks Show Strength on Paper as Reserves Slip Backward

Sri Lanka’s banking sector, long considered the backbone of...

Colombo Port Gridlock Threatens Sri Lanka’s Export Competitiveness

Sri Lankan exporters are once again facing mounting uncertainty...