Cabinet paper submitted to reduce MOP (Bandi Fertilizer) price by another 50 percent

(LANKAPUVATH | COLOMBO) – The Minister of Agriculture and Plantation Industries, Mr. Mahinda Amaraweera, has presented a Cabinet Paper to reduce the price of Muriate of Potash (MOP) fertilizer by another 50 percent.

The Ministry of Agriculture says there are currently 28,600 metric tons of MOP fertilizer in the warehouses of state-owned fertilizer companies.

Dr. Jagath Perera, Chairman of Government-owned fertilizer companies, said that by reducing the cost of MOP fertilizer, the price can be reduced by 50 percent.

Accordingly, the cabinet paper to reduce the price of MOP fertilizer by 50 percent has been submitted to the cabinet and it will be approved by the President, Minister of Agriculture and Plantation Industries, Mahinda Amaraweera said yesterday (05) while starting the development of Walasmulla Omara village as a second stage agribusiness village.

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