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Government picks up fertilizer tab

LICE MOVONO
Wednesday, January 31, 2018

Update: 11:25AM GOVERNMENT this morning signed two agreements to reduce the cost of South Pacific Fertilizers to sugar cane farmers.

The grant agreements which were signed by Permanent Secretary Prime Minister's office, Yogesh Karan and South Pacific Fertilizers Limited board director, Sundresh Chetty this morning means farmers pay less than half the actual cost of fertilizers used on farms nationwide.

The subsidies are part of initiatives announced by the Attorney General Aiyaz Sayed-Khaiyum in 2017 worth $10m.

The bail out is aimed at reducing financial burdens faced by sugar cane farmers post TC Winston.

These grants mean that government will increase from $14.09 to $25.59 the subsidy it pays to a $45.59 bag of fertilizer.

"Now the farmers are paying $20 per 50kg bag of fertilizer which is 44 per cent of the price..,? Mr Karan said at the signing ceremony.

Related: $10m bail out 








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