Sri Lankan government decides to ban chemical fertilizer imports and promote organic fertilizer

Sri Lankan government decides to ban chemical fertilizer imports and promote organic fertilizer

The Cabinet of Ministers in Sri Lanka has reportedly granted approval to a proposal submitted by Sri Lanka’s President Gotabaya Rajapaksa to ban all chemical fertilizers.
The Cabinet of Ministers has also proposed the increased manufacture of organic fertilizers, according to a news report in The Morning.
The President’s Media Division last week informed that the import of chemical fertilizers will be completely banned in the near future.
President Rajapaksa had stated that it is more important to conserve human and animal life than to yield a better harvest using chemical fertilizers.
He had also urged authorities to develop the process of carbon-based fertilizer manufacturing locally.

OSL take:

Sri Lanka’s agriculture industry is fast becoming a hotspot for business/investment opportunities with the Sri Lankan government’s decision to promote and expand the production of organic fertilizer. Foreign businesses/investors engaged in producing organic fertilizer could explore this potential business opportunity by producing and supplying organic fertilizer for all crops in Sri Lanka.

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Article Code : VBS/AT/2021/0428/Z_4

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