Sri Lanka receives assurance of fertilizer supplies from India
Posted on May 13th, 2022
Sri Lanka, which is facing the biggest economic crisis in its post-independence history, is aiming to boost its agriculture sector
Sri Lanka has received assurance from Indian officials regarding supply of fertilizers that the island nation requires urgently. High Commissioner Milinda Moragoda met concerned officials on Friday where the issue was discussed.
“High Commissioner Milinda Moragoda met with the Secretary to the Department of Fertilizers of India Shri Rajesh Kumar Chaturvedi and thanked him for India’s decision to supply 65,000 MT of urea required for the current Yala cultivation season in Sri Lanka,” the High Commission of Sri Lanka said in a message. Yala is the season of paddy cultivation in Sri Lanka that lasts between May and August.
Sri Lanka, which is facing the biggest economic crisis in its post-independence history, is aiming to boost its agriculture sector to avoid any disruption in the agriculture market.
Soaring food prices in Sri Lanka have added to the economic difficulties and any setback to the next paddy cultivation season will be hard for the island to bear.
It is understood that India has given an oral assurance ahead of a final official order that will ensure flow of fertilizers to Sri Lanka. However it is not yet clear, how the cash-strapped Sri Lankan government will pay for the fertilizer shipment.
Sri Lanka is the second country after Nepal to have received India’s assurance for supply of fertilizers. During the pandemic season, the global fertilizer market was choked as several major producers banned export of fertilizers that affected non-producing countries. Nepal’s PM Sher Bahadur Deuba had taken up the issue during his April visit to Delhi. However, India too is dependent on imported urea.
The fertilizer sector has been repeatedly affected because of the global disruptions such the pandemic and the Ukraine crisis, which has disrupted Ukraine’s agriculture sector creating shortage of supplies in the global agriculture market.
India had been in talks with Russia to bolster its own fertilizer sector and has received approximately 3.60 lakh metric tonnes of fertilizers since the beginning of the Ukraine war. India’s own reliance on imported urea is going to increase as it plans to maintain top productivity of the agriculture sector that aims to fill up some of the scarcity that the absence of Ukrainian supplies has left in the global food market.