Sri Lanka state fertilizer deals won by Swiss Singapore and Midgulf International

ECONOMYNEXT – Sri Lanka’s state owned enterprises engage in fertilizer distribution have awarded contracts for 75,000 metric tonnes of urea and super phosphate from Swiss Singapore Overseas Enterprises and Midgulf Interational, the state information office said.

Ceylon Fertilizer Company (Lak Pohora) and Colombo Commercial Fertilizer Company Ltd (Commercial Fertilizer) had called international bids and the cabinet of ministers had approved the deals after competitive tenders.

Midgulf International Limited had won a deal for 60,000 metric tonnes of granular fertilizer at 241.9 dollars per metric tonne.

Swiss Singapore Overseas Enterprises had won a deal for 15,000 metric tonnes of triple super phosphate for 239 dollars per metric tonne.

Sri Lanka’s Yala minor cultivation season is now ongoing for which the government gives subsidized fertilizer.

However free fertilizer had led to excessive use according to some observers. (Colombo/July12/2020)