Stop the lies kadudu
How much forex do you need to import fertilizers.
Reality - some idiot just woke up and said we want to be 1st country to do 100 percent organic farming
The real reason why organic farming was forced onto the farmers in Sri Lanka.
A ban on imported fertiliser, to save dol lars, was dressed up as a boost to organic farming—but had to be scrapped when crop yields plunged, threatening a further de cline in exports.
In April 2021, Sri Lanka’s President Gotabaya Rajapaksa announced a ban on the import of agrochemicals. The move was meant to save Sri Lanka around $300 – $400 million in foreign exchange, which the country spends each year importing agrochemicals.
In order to reduce its foreign exchange outlays last year, the Sri Lankan government took on preventive measures to ban the import of essential goods, including food items.
In the wake of the Covid-19 pandemic and lockdowns, Sri Lanka’s economy has plummeted because one of the country’s most important sources of income, tourism, has been completely shattered. This has led to an unprecedented drop in the country’s foreign exchange reserves, from over $7.5 billion in 2019 to merely $2.8 billion in July 2021. The government’s colossal payments to buy the foreign exchange needed to import essential goods has sunk the Sri Lankan rupee. This foreign exchange crisis has been so bad that in 2020, in a bid to save foreign exchange, the government banned the import of vehicles, edible oils, and turmeric, an essential spice in local cooking.