Amidst dollar shortages and central bank constraints, dairy product imports into the country has decreased in 2023 as Sri Lanka's government is striving for self-sufficiency. Despite the economic crisis, key players are achieving notable revenue growth.
In 2023, the world's economy is unstable, and this is putting extra stress on the global food system. The system was already weakened due to the COVID-19 pandemic, higher energy prices, and climate change.
As living expenses continue to rise throughout 2023, milk products, whether produced locally or imported, remain unaffordable for numerous low-income families. Many of these families have had to limit their consumption of dairy, with adults resorting to plain tea and children having milk fewer times each day.
Shortages of milk powder, especially in 2022, led to increased liquid milk consumption across Sri Lanka in recent times. However, it should be noted that even under such circumstances, the popularity of liquid milk grew only among the upper SEC consumers due to higher prices and the shorter shelf life.
The difficulties the sector has encountered due to power cuts and fuel scarcities, affecting milk collection, chilling, transportation, production, and distribution, have significantly eased in 2023. Despite these obstacles, manufacturing facilities ramped up production to satisfy rising demand and ensure accessible dairy nutrition for consumers.
Dairy products fall under the 367 non-essential items the government of Sri Lanka has restricted importation for a limited period in order to properly manage the current economic crisis in the country. Thus the shortages in dairy products like milk powder can be expected to continue for the immediate future.
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Dairy Products and Alternatives
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