The Ministry of Agriculture has decided to slash the prices of Muriate of Potash (MOP) fertilizer (‘Bandi Pohora’), taking note of the upcoming ‘Yala’ harvest season.
Hence, Minister Mahinda Amaraweera stated that plans are in progress to put down the price of MOP fertilizer by Rs. 4,500 per sack.
He explained that the decision is being considered owing to the burden placed on farmers with the current prices of fertilizer. A 50-kilogram bag of MOP fertilizer is currently being sold at Rs. 18,500, he further mentioned.
Thus, Amaraweera pointed out that a final view in this respect would be taken at the Cabinet meeting slated for next week.
Besides, the Minister assured that given the recent increase of companies importing and distributing fertilizer in Sri Lanka, the benefit of this increased competition within the market will be moved to farmers, disclosing that a total number of companies that have signed up for Sri Lanka’s fertilizer importation and distribution market recently ascended to 12.
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