Home / Front Page/ Paper on fertilizer subsidy to next Cabinet

Paper on fertilizer subsidy to next Cabinet


Comments / {{hitsCtrl.values.hits}} Views / Saturday, 24 February 2018 00:01

Facebook

  • Measures to be taken to ensure ample stocks are available for next season

 

The Agriculture Ministry is set to present a paper at the next Cabinet meeting proposing an increase in fertilizer subsidy to match the market price, top Government sources confirmed. 

Following discussions between the Agriculture and Finance Ministries, the fertilizer subsidy given to farmers will be increased by at least Rs. 500 per 50kg bag. At present the Government provides only Rs. 2,500 per fertilizer bag with a total subsidy of Rs. 25,000, when market price has increased to over Rs. 3,000 per bag. The new funds will be distributed to the farmers for the yala season, a Finance Ministry official told Daily FT.

“World market prices have increased, and the subsidy will have to reflect that. We are working towards it,” the official said. 

The funds for the increase will be met through allocations for agriculture subsidies, he said. 

“Since only 50% of paddy land is cultivated during the yala season, the Government will be able to foot the bill.”

The Cabinet paper will also include proposals to avoid shortages in fertilizer as experienced by farmers during the last paddy season in addition to price hikes. 

Paper...

A delay in the tender process and a subsequent cancellation resulted in severe shortage of fertilizer, leading to an artificial increase in prices. 

The paper presented to Cabinet will propose several measures to ensure the fertilizer will be available for farmers on time, including early importation of stocks. 

“The two Government entities responsible for the matter will have to take action and call for tenders early to avoid a repeat of last year’s case,” he said. (CD)


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Will power cuts solve electricity crisis?

Tuesday, 23 April 2019

The country faced electricity power cuts, reminding citizens of early 1990s, which resulted in private power producers supplying electrical power with long-term power supply agreements. Today, most have completed their agreement period, but some were


Easter attack: Going beyond condemnation

Tuesday, 23 April 2019

Yesterday was Easter Sunday; 227 persons [at the time of writing] have been killed, and many times more injured. The primary targets were churches and international hotels. It seems clear that the extremist group ISIS (Islamic State of Iraq and Syria


Easter Sunday nightmare

Tuesday, 23 April 2019

This is the most important day of the year for Christians – the Peaceful Easter Sunday or Easter Day was shattered by deadly explosions in several Christian churches throughout the country; and we excoriate such hatred in our beloved country. We th


Poignant pondering on a patriarch

Monday, 22 April 2019

Almost five months have gone. It is with a profound sense of sadness that we experienced the demise of our veteran teacher, respected author, legal luminary, an accomplished ambassador, an eminent public servant and an amazing human being, Dr. Wickre


Columnists More