Trade and markets
 

Detail

Area
Sri Lanka
Commodity Group
Rice
Commodity
All
Date
21/11/2013
Policy Category
Production
Policy Instrument
Production support
Description
As part of its 2014 budgetary allocations, announced that fertilizers would continue to be sold at a subsidized rate of rupees 350 per 50 kilo bag (USD 54 per tonne) to paddy farmers in 2014 and that the crop insurance scheme introduced a year earlier would be expanded. Additional government initiatives will include the launch of a three-year programme to bring abandoned paddy land back into cultivation of paddy and other crops. They also encompass incentives to produce high quality seeds and planting material, as well as the rehabilitation of irrigation infrastructure.