Sri Lanka’s Agriculture Ministry to import 25,000 tons urea for the next harvest season.
Sri Lanka’s Agriculture Ministry is engaged in preparing the groundwork for the next key agricultural harvest which includes the importation of fertilizers required for cultivation.
Sri Lanka’s Agriculture Minister Mahinda Amaraweera has reportedly stated that the tender to import 25,000 tons of urea required for the Maha cultivation season was submitted to the Cabinet of Ministers.
According to reports, the fertiliser stock is set to be imported under World Bank assistance.
The World Bank assistance is to also be used by the Ministry of Agriculture to import 45,000 tons of potassium as well.
The government of Sri Lanka has already awarded a contract to import several fertilizers required for paddy cultivation.
OSL take:
Business/investment opportunities in Sri Lanka’s agriculture sector continue to expand amidst threats of an impending food crisis in the country. The government of Sri Lanka is engaged in several urgent measures to procure the required fertilisers and seeds to ensure successful harvest, especially in the paddy cultivation sector. The other areas of focus are the introduction of the latest technological advancements as well as machinizaton. All these have presented a host of new business/investment opportunities in Sri Lanka’s agriculture industry. Seeing the urgent requirements and the growth potential in the country’s agriculture industry, foreign multilateral financial institutions have pledged financial assistance to uplift and develop Sri Lanka’s agriculture industry. Therefore foreign businesses/investors could explore the growing opportunities in Sri Lanka’s agriculture industry.
| Article Code : | VBS/AT/25102022/X_3 |