ECONOMYNEXT – The government will provide fertilizer required for tea plantations through state-owned Colombo Commercial Fertilizers Ltd and Ceylon Fertilizer Company Ltd.
“Because the government-owned fertilizer companies provide fertilizer at a minimum price, it will reduce the price of a 50 kg bundle of tea fertilizer, which is currently sold by the private sector for around 15,000 rupees,” Minister for Agriculture, Mahinda Amaraweera was quoted as saying in a statement by the Department of Government Information.
The annual fertilizer requirement for tea cultivation in Sri Lanka is 40,000 metric tons costing roughly 6,800 million rupees, according to the DGI.
Until now, the Sri Lanka Tea Board had given loans to the tea growers to purchase fertilizer, but some tea growers allegedly use the money for other purposes.
The Tea Board points out that proper application of fertilizer was essential to get a good harvest. (Colombo/Jan4/2024)