Prime Minister Ranil Wickremesinghe says US $600m would be required to ensure an adequate supply of fertilizer.
He made the observation during discussions with representatives from the agriculture sector held today to discuss the pending food shortage in the country.
Responding to the Prime Minister, the officials then informed that the fertilizer companies would be able to supply the required fertilizer quantities if the banks released the dollars.
The Prime Minister also explained that he would be presenting a new Act in Parliament, the Essential Agriculture Supplies Act, which would ensure uninterrupted supply and distribution of agricultural materials.
The Prime Minister’s Office said the Prime Minister further said that due to the war in Ukraine the world was facing a wheat and fertilizer shortage.
He explained that as the shortages increase, Sri Lanka’s food supplies would worsen unless remedial action was taken immediately. The Prime Minister instructed the officials to identify underutilized land in the urban areas which could be cultivated. He said that the situation the country is in was dire and required a combined effort if we were to overcome it.
The Prime Minister was joined by the Minister of Agriculture Mahinda Amaraweera, Minister of Ports and Aviation Nirmal Siripala, Minister of Youth & Sports Roshan Ranasinghe, along with relevant officials. (NewsWire)