Agriculture and Plantation Industry Minister Mahinda Amaraweera said that the government has decided to provide fertilizer subsidy to the rubber cultivators in order to increase the yield from rubber cultivation in the country.
The Sri Lanka Rubber Research Institute has shown that no fertilizer has been applied to rubber cultivation in Sri Lanka for many years.
Accordingly, the annual latex yield has decreased from 100,000 metric tonnes to 65,000 metric tonnes.
Taking this matter into consideration, Minister Mahinda Amaraweera advised State Fertiliser Company Chairman Dr.Jagath Perera to take steps to reduce the price of a 50 kg bag of fertilizer used for rubber cultivation from Rs.9,500 to Rs.5,500.
Accordingly, steps have been taken to provide the fertiliser subsidy for rubber cultivation from this week itself.
Currently, a huge fertiliser subsidy of Rs.25,000 per hectare has been given to paddy cultivation and in addition, the government has taken action to provide fertiliser subsidies of Rs.4,000 for tea, coconut and cinnamon plantations.The Minister also mentioned that the government has taken steps to provide the same fertiliser subsidy to the growers for rubber cultivation.
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