Sri Lanka seeks UN assistance to build a stockpile of essential foods. Around half of Sri Lanka’s rice production was lost last year. The government has since defaulted on its $51 billion foreign debt. Cash-strapped Sri Lanka is seeking urgent UN assistance to build a stockpile of essential foods the prime minister’s office said Friday … Read more
The fish and chip business is pleading with the government to provide a “long-term approach” to their food scarcity situation, or a third of chip shops will close. The National Federation of Fish Friers (NFFF) has warned that the four key ingredients in a traditional fish and chip meal are being negatively impacted by the … Read more
COLOMBO: Sri Lanka’s food prices rose by a record 22.1 per cent in December, official figures showed on Saturday, as the country struggles to finance urgent imports to tackle an acute shortage of essentials. The census and statistics department said food inflation hit an all-time high last month on a year-on-year basis since the Colombo Consumer … Read more
COLOMBO: Sri Lanka’s inflation hit a record 11.1 per cent in November, official figures showed on Wednesday, and the authorities warned a worsening economic crisis could prompt further food rationing. The island’s tourism-dependent economy was hammered by the pandemic and the government imposed a broad import ban to shore up foreign exchange reserves, triggering shortages of … Read more
COLOMBO: Sri Lanka raised fuel prices on Tuesday and warned of possible petrol rationing with importers struggling to pay for oil, in a worsening economic crisis that has also sparked food shortages. The move comes just days after international ratings agency Fitch downgraded the country over fears of a sovereign default on its $26 billion foreign … Read more
