Rice remains the most important category of staple foods, with bread also an important source of nutrition for much of the population. Meat substitutes remains another important category, with soy-based products representing excellent value for money.
In 2022, the prices of staple foods in Sri Lanka increased significantly due to global inflation and fuel shortages. Inflation is particularly noticeable when it comes to categories such as baked goods and rice due to the rising cost of raw materials.
Sri Lankan people generally eat three main meals per day. Breakfasts are often fairly simple due to time constraints and are often eaten on-the-go, with consumer foodservice thus attracting many people.
In 2022, more and more higher-income consumers are purchasing processed meat from supermarkets. The main reason for this is the convenience such products offer, which appeal to busy consumers with tight schedules.
In 2022, one of the most difficult problems manufacturers have faced, is distributing their products given the inflated fuel prices and shortages. For example, rice millers raised their concerns about releasing the required amount of rice to the market with the fuel shortage and the rising packaging prices.
Over the forecast period, almost all categories within staple foods will see ongoing inflation, and Sri Lanka is set to experience the worst economic crisis since its independence. Likewise, ongoing shortages will be seen if the government does not supply producers with fuel and fertilisers.
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NOTE: Couscous, polenta and quinoa are excluded from staple foods.See All of Our Definitions
This report originates from Passport, our Staple Foods research and analysis database.
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