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The dramatic fall in yields follows a decision last April by President Gotabaya Rajapaksa to ban all chemical fertilisers in Sri Lanka - a move that risks undermining support among rural voters ...
Sri Lanka was much more harshly affected by the food crisis as it was already facing mass man-made crop failures due to a total ban on chemical fertilizer by President Gotabaya Rajapaksa, resulting in rice production in Sri Lanka falling by 40–50%, while other crops also suffered large losses with some even reaching 70% loss even before it ...
[50] [51] [52] The drop in tea production from the fertilizer ban alone resulted in economic losses of around $425 million. The ban also contributed to a 20% drop in rice production within the first six months. As a result, Sri Lanka went from being self-sufficient in rice production to having to import rice at a cost of US$450 million. [53]
It is one of the main sources of foreign exchange for Sri Lanka and accounts for 2% of GDP, generating roughly $700 million annually to the economy of Sri Lanka. It employs, directly or indirectly over 1 million people, and in 1995 directly employed 215,338 on tea plantations and estates. Sri Lanka is the world's fourth largest producer of tea.
The Sri Lankan economic crisis [8] is an ongoing crisis in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
Economic troubles in Sri Lanka began in 2019, when a severe economic crisis began caused by rapidly increasing foreign debt, massive government budget deficits due to tax cuts, a food crisis caused by mandatory organic farming along with a ban on chemical fertilizers, and a multitude of other factors.
The Department of Agriculture (DOA) functions under the Ministry of Agriculture of Government of Sri Lanka is one of the largest government departments with a high profile community of agricultural scientists and a network of institutions covering different agro ecological regions island wide. DOA focuses on maintaining and increasing ...
Sri Lanka Freedom Party: 27 July 2005: Minister of Agriculture [35] Maithripala Sirisena: Sri Lanka Freedom Party: 23 November 2005: Mahinda Rajapaksa: Minister of Agriculture, Environment, Irrigation and Mahaweli Development [36] 28 January 2007: Minister of Agricultural Development and Agrarian Services [37] [38] [39] Mahinda Yapa Abeywardena ...