India assures Sri Lanka of fertilizer supplies to avoid food shortages

India has assured Sri Lanka of fertilizer supplies to help the debt-ridden country avert severe food shortages caused by crop losses and exacerbated by the worst economic crisis, President Gotabaya Rajapaksa's office said on Thursday.

President Rajapaksa, while speaking with a group of irrigation officials on the next harvesting season's requirements, said Prime Minister Narendra Modi had assured him of fertilizer supply for the next cultivation season.

He said the supply was to be delivered under the Indian Line of Credit and would be distributed within 20 days after the consignment reaches Colombo.

Sri Lanka is aiming to boost its agriculture sector to avoid any disruption in the agriculture market following the drop in paddy cultivation during the Maha session. Yala is the season of paddy cultivation in Sri Lanka that lasts between May and August.

The Sri Lankan government banned chemical fertilizers last year as part of a phased transition towards organic agriculture. The dearth of adequate supplies of organic fertilizers affected agricultural output, especially rice and tea, and caused a food shortage with crop losses amounting to 50 percent.

Rajapaksa, a few weeks ago, admitted his decision to ban chemical fertilizers to go 100 percent organic was wrong.

The agriculturists have warned that the country may encounter a food shortage by mid-August in the ongoing economic crisis.

Last month, India assured Sri Lanka to immediately supply 65,000 metric tonnes of urea to avoid any disruption in paddy cultivation.

The Government of India decided to supply this quantity of urea immediately to Sri Lanka at the request of the Government of Sri Lanka, despite a ban on the export of urea from India, the Sri Lankan High Commission had said in a statement.

Sri Lanka is aiming to boost its agriculture sector to avoid any disruption in the agriculture market following the drop in paddy cultivation during the Maha session.

Sri Lanka's annual fertilizer imports cost USD 400 million. Farmers across the country have protested against fertilizer shortages, saying they are being forced to abandon their farmlands.

Sri Lanka has more than 2 million farmers and up to 70 percent of its 22 million people are directly or indirectly dependent on agriculture.

India has committed more than USD 3 billion to debt-ridden Sri Lanka in loans, credit lines, and credit swaps since January this year to help the neighboring nation which is grappling with the worst economic crisis since its independence.

Sri Lanka's economic crisis is caused in part by a lack of foreign currency, which has meant that the country cannot afford to pay for imports of staple foods and fuel, leading to acute shortages and very high prices.

The crisis has provoked widespread protests and led to calls for political reform and the resignation of President Rajapaksa.