Colombo Crisis : Sri Lanka demands 3lakh ton rice from India and 1 lakh ton from mayanmar
Channel: Satyanand Singh
Date: 09/02/2022

Sri Lanka has decided to import 400,000 metric tonnes of rice from India and Myanmar.  This step will be taken to stabilize the price of rice in the local market there.  Sri Lanka's official newspaper 'Daily News' informed about this decision on Tuesday, quoting a senior official of the Ministry of External Affairs. By May this year '300,000 MT of rice will be imported from India and 100,000 MT from Myanmar'.  Apart from this, Sri Lanka has decided to buy 40-40 thousand metric tonnes of petrol and diesel from the Indian company Indian Oil Corporation. The ministry has taken this decision to help the consumers.  The factionalization of many big rice mill units has increased the price of rice in the local market.  Let us tell you that rice will be supplied in a consignment of 20,000 MT and will be released in the market on regular basis. As the country is facing severe foreign exchange crisis right now.  According to a report, a person in Sri Lanka consumes 104.5 kg of rice every year.  In such a situation, Sri Lanka needs an estimated 21 lakh tonnes of rice. Earlier, the Export Import Bank of India and the Government of Sri Lanka had signed a credit line agreement of $ 500 million last week.  Sri Lankan Foreign Minister Rajapaksa and Indian High Commissioner to Colombo Gopal Baglay were present at the time of the agreement. Sri Lanka will be able to purchase petroleum products with this amount.  According to the Indian High Commission, with this amount, the recent Indian aid to Sri Lanka has increased to $ 4 billion (Rs 30 thousand crore). The situation of Sri Lanka, which is in debt to China and other countries, was made worse by the Kovid epidemic, as tourism in Sri Lanka has been badly affected due to Kovid.  Due to this, its foreign exchange reserves came down to $ 3.1 billion. There came a time when diesel was running short to maintain the electricity system of the capital Colombo and there was a situation of darkness there.  Due to non-payment of dues, the supply of crude oil to the lone oil refinery in Sri Lanka was halted twice in November and the factory had to be closed. But India handled the situation with immediate help.  After this, India continuously helped the neighboring country and strengthened its foreign exchange reserves.

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