No Price Hike for Confectionery Products Until May 📈

The Lanka Confectionery Manufacturers Association (LCMA) has confirmed that retail prices for biscuits, ice cream, and chocolates will remain unchanged through the upcoming festive season, following a meeting with the Minister of Trade. • Price Stability: No price revisions will occur until at least May 2026, ensuring consumer relief during the peak Sinhala and Tamil New Year period. • Cost Pressures: Manufacturers report rising costs for ingredients, gas, and electricity. While prices haven't increased since the post-COVID period, the industry is currently operating on "limited profits." • Supply Chain Hurdles: The sector is facing delays in customs clearing and additional shipping surcharges due to the ongoing Middle East conflict. • Distribution Needs: The LCMA has requested a streamlined fuel supply system to ensure the efficient distribution of goods across the island. • Future Outlook: A price revision may be considered after May if operational costs—specifically energy and raw materials—continue to climb. This decision aims to balance industry sustainability with the food security and purchasing power of Sri Lankan consumers during high-demand months.