In reassuring news for consumers, the Hector Kobbekaduwa Agricultural Research and Training Institute (HARTI) has stated that there is no significant risk of a surge in vegetable prices in Sri Lanka until the end of this year.
The institute recently presented a research report to the Minister of Agriculture and Plantation Industries, Mahinda Amaraweera, outlining the projected scenarios regarding the pricing trends of vegetables, fruits, and other food crops in the market during May and June.
Typically, the conclusion of vegetable harvests from both the major and minor cultivation seasons occurs by the end of April, leading to a seasonal price increase in May, June, and July. However, delays in vegetable cultivation due to heavy rains in the previous season have resulted in a simultaneous influx of crops into the market, causing a rapid decline in vegetable prices.
HARTI has highlighted the possibility of a slight price hike in vegetables if heavy rainfall occurs in the final weeks of May, impacting supplies until June. Barring adverse weather conditions, the institute predicts a stable pricing environment for vegetables until the year-end.
Moreover, the report forecasts unchanged prices for Nadu rice, a staple consumed by approximately 90% of the population, over the next three months. However, a potential uptick in the prices of Keeri Samba and Samba rice is anticipated, as these varieties have surpassed the designated control prices. Vigilance is advised in monitoring these price fluctuations in the near future.
