Commodity & Trade Updates

Nitrogen-based fertilizers, particularly urea, saw the steepest rise, up 20% year-on-year to an average of US$390 per tonne

Post forecasts wheat consumption in MY 2025/26 at 7.82 million MT, a 3% increase over the previous year

Maize accounts for a significant portion of poultry feed, yet Sri Lanka’s local cultivation fulfils less than 50% of national demand

The increase was driven largely by gains in wheat, maize, and rice prices, amid tightening export supplies

The FAS notes that wheat consumption has stagnated in recent years due to demographic changes and evolving consumption habits.