Wheat Flour Security: Sri Lanka's Leading Suppliers Commit to Price Stability Amid Shipping Challenges

Serendib Flour Mills (Pvt) Ltd and Prima Ceylon (Pvt) Ltd, the primary wheat flour suppliers in Sri Lanka, have announced that they have secured sufficient wheat grain for the next six months, ensuring price stability. This assurance comes in response to concerns raised by wheat flour importers who anticipate increased prices due to additional shipping charges attributed to tensions in the Red Sea.

Despite the global shipping disruptions and rising freight costs, the two key suppliers emphasize their commitment to food security in Sri Lanka. They claim to play a crucial role by maintaining substantial stocks of wheat grain and flour, even during recent crises. The companies acknowledge the challenges in global shipping routes but express confidence in their effective risk management strategies and ample buffers.

Positioning themselves as responsible corporate citizens, Serendib Flour Mills and Prima Ceylon underscore their dedication to preserving staple food security for Sri Lankans. They assure the public that wheat flour prices will remain unchanged, highlighting their ability to navigate external shocks beyond their control. This announcement aims to alleviate concerns about potential price hikes and underscores the companies' proactive approach to maintaining stability in the local wheat flour market.