Prices of fertilizers for cinnamon, tea, coconut to be reduced

17 July 2024 03:45 pm Views - 805

Colombo, July (Daily Mirror) - The State Fertilizer Company was advised to reduce the prices of fertilizers used for plantation crops such as cinnamon, tea and coconut, the Agriculture Ministry said.

The Minister gave these instructions following a discussion today at the Ministry regarding the reduction of fertilizer prices.

Accordingly, the State Fertilizer Company chairman, Dr. Jagath Perera said the prices of the five types of fertilizers produced by the State Fertilizer Company and used for cinnamon, tea and coconut, will be reduced by Rs. 1,500 to Rs. 2,000 with immediate effect.

Apart from this, arrangements have been made to reduce the price of each type of fertilizer produced by the company by Rs. 5,000 per metric ton.

The Minister of Agriculture and Plantation Industries, Mahinda Amaraweera said this step was taken with the aim of increasing the use of fertilizers to increase the production of cinnamon, tea and coconut.