A Cabinet paper has been submitted to bring down the price of MoP fertilizer required for paddy cultivation.

While starting the development of the Omara village in Walasmulla as a second-stage agribusiness village yesterday (05), he said the Cabinet paper will be approved by President Ranil Wickremesinghe.

At present, public sector fertilizer companies have 28,600 metric tons of MOP fertilizer in stock, the Minister said.

Meanwhile, the Government-owned Fertilizer Company Chairman Dr. Jagath Perera said the price of MOP fertilizer can be reduced by 50 percent.