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Sri Lanka is assessing the potential of Eppawala rock phosphate deposits to produce local fertilisers. The country spends roughly Rs 6 billion annually importing TSP and SSP fertilisers.
The project has faced government opposition and rejection in the past.
A local phosphate plant would reduce Sri Lanka's import needs, but the project is speculative and has no immediate effect on global phosphate prices.
ceylontoday.lksulochana ramiah mohanAug 4, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
