# Govt. to save Rs. 3.5 b annually through Eppawala | The Morning

> Sri Lanka's Cabinet approved producing single superphosphate at the Eppawala phosphate deposit as a substitute for imported triple superphosphate. The government estimates it currently spends about Rs. 7 billion a year on triple superphosphate imports, and expects the change to save over half that amount. Production is expected to start this year.

- Date: 2020-05-17 · published 2020-05-17T12:00:00.000Z
- Category: policy · region Sri Lanka · magnitude low
- Page: https://feedsoft.ai/events/53439-govt-to-save-rs-3-5-b-annually-through-eppawala-the-morning
- Commodities: [TSP](https://feedsoft.ai/c/TSP.md)

## Why it matters

Replacing imported triple superphosphate with domestic single superphosphate cuts Sri Lanka's import demand for phosphate fertilizer, which is mildly bearish for TSP export prices. The effect is small at global scale.

## Read by commodity

- TSP: bearish ▼

## Sources

- themorning.lk: https://www.themorning.lk/articles/84295

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.