Crisis in Sri Lanka: Food prices jump to 'unbearable levels'
Written byTimes Magazine
The government was forced to restrict imports of several essential commodities, including food, causing the prices of basic items such as milk powder and rice to be much higher.
Against the backdrop of Sri Lanka's unprecedented economic crisis, the price of rice in the island nation has risen to "unbearable highs."
Consumers in the island nation say rice prices have risen to unbearable levels. The minimum price of rice per kilogram in the public market has already exceeded Rp 200-240, reports Colombo Pages.
The government was forced to restrict imports of several essential commodities, including food, which caused prices for basic items like as milk powder also rice to be much higher.
Although the Ministry of Commerce says rice is sold at preferential prices at Lanka Sathosa shops, some CWE shops have learned that imported rice is not meeting demand, Colombo Page said.
In addition, there are reports that Sathosa stores in many parts of the country are experiencing shortages of essential goods such as rice, dried peppers, and other goods. As a result, consumers urged the government to take steps to lower prices by importing rice or imposing price controls.
Sri Lanka is grappling with a severe financial crisis, with food also fuel shortages affecting many in the island nation. The economizing has been in free fall since the start of the COVID-19 pandemic, which led to the collapse of the tourism sector. Sri Lanka is also facing a currency shortage, hating its ability to import food and fuel.
The country is threatened with extended power outages. The country has also witnessed protests over the government handling the worst economic crisis in decades. A protest against the Sri Lankan government took place in front of the US Embassy in Colombo yesterday.
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