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Seasonal swings in Sri Lanka’s mango market: A balancing act with economic insights

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Fluctuation of Karthakolomban mango prices during a peak harvest across the country (Dec. 2023).

Chandula Idirisinghe is a Research Assistant working on Agriculture and Agribusiness Development at the Institute of Policy Studies of Sri Lanka (IPS). He holds a BSc (Hons) in Agricultural Technology and Management, specialising in Applied Economics and Business Management from the Faculty of Agriculture, University of Peradeniya. His research interests include agricultural policies and institutions; agricultural productivity; agribusiness value chains; food security and environmental and natural resource policies.

By Chandula Idirisinghe

Sri Lanka’s mango industry, deeply woven into the cultural fabric and dietary needs of Sri Lanka, is thriving with a 12.2% production boost and a 5% yield improvement over the past two decades.

Yet, the industry is characterised by drastic seasonal price swings. Prices are currently low, and another significant drop is expected between September and January, mirroring last year’s 70% plunge in Karthakolomban mango prices.

Regional production concentration has led to price disparities nationwide, highlighting the need for better demand and supply management.

The blog suggests a dynamic, multi-pronged strategy to tackle seasonality over the price disparity based on an IPS study on developing food loss reduction pathways through smart business practices in mango value chains: promoting value-added products, optimising logistics and storage, forming farmer clusters, and tapping into export markets.

Mango is the most widely cultivated fruit crop after bananas in Sri Lanka. According to the Department of Census and Statistics (2023), the average mango cultivation area over the past five years (2018-2023) has expanded by 6.9%, reaching 28,372 hectares, compared to the 2002-2007 average. Furthermore, national mango fruit production has demonstrated a remarkable rise of 12.2%, with an increase per hectare of mango fruit production by 5%.

Sri Lanka boasts a longstanding tradition of mango cultivation. Mangoes are the third-highest consumed fruit in terms of value, following only bananas and papayas. The traditional cultivars ‘Betti’, ‘Karthacolomban’, ‘Vellaicolomban’, ‘Kohu’, and ‘Villard’, and the modern cultivar ‘TomEJC’ have become dominant players within Sri Lankan wholesale/ retail markets.

Over the past two decades, the geographical distribution of mango cultivation has undergone a notable transformation. Nearly two-thirds (65.36%) of mango cultivation in Sri Lanka is currently concentrated in just nine districts. While Kurunegala historically held the dominant position as the leading producer, recent years have witnessed a significant decline in the mango-cultivated areas. Anuradhapura and Monaragala have experienced significant growth, with Anuradhapura surpassing Kurunegala as the current leader in terms of cultivation area.

Witnessing a noteworthy expansion into international markets, fresh mango fruit exports have exhibited a significant upward trajectory since 2017, reaching 374 metric tons by 2022. Dried mango exports followed similar growth, experiencing a notable rise from 2019 to 2021, resulting in 63 metric tons exported in 2022. Despite the recent progress in Sri Lanka’s mango production, fueled by innovative, high-yielding cultivars tailored to specific regions, a persistent challenge remains: the seasonality of production.

The Seasonality Factor and Its Economic Impact

In Sri Lanka, mango production exhibits two distinct production peaks over the year, which pave the way for drastic seasonal price fluctuations. Mango trees in the wet and intermediate zones typically bloom from January to March, with peak harvests from April to July (Yala Season). Conversely, in the dry zone, blooming occurs from July to September, with peak harvests from October to January (Maha season). These regional variations in blooming and harvesting periods are influenced by Sri Lanka’s diverse climatic conditions, primarily by its varying rainfall patterns.

This seasonality creates classic supply and demand imbalances, marked by distinct dual peaks and troughs in prices each year, with the highest fluctuations observed over the past two years. For instance, price data from 2023 shows that even popular cultivars like Karthakolomban can experience significant price drops. During the off-season in September, prices peaked at 252.1 Rs/kg when mangoes were less available. However, by the next peak harvesting time in December, prices had dropped by as much as 70%, reaching 71.2 Rs/kg as the market became saturated with mangoes.

Moreover, Sri Lanka’s mango market shows notable nationwide price disparities – for the same cultivar – alongside seasonal price fluctuations. The mango harvest from wet and intermediate zones saturates their regional markets from April to July, while markets in dry zones are saturated from October to January.

Despite investing in high-yielding cultivars, growers face unpredictable income due to fluctuating market prices, creating financial strain for them. Conversely, on the consumer side, price volatility disrupts purchasing behaviour. During off-seasons, limited availability and high prices can restrict their access to mangoes, particularly for low-income households. This not only impacts dietary choices but also undermines the mango fruit’s role as an affordable source of essential vitamins and minerals.

Way Forward: A Multi-Pronged Approach

A strategic and coordinated approach involving all value chain actors—from growers to consumers—can effectively stabilise price levels, mitigate growers’ financial hardships, and ensure affordable fruit availability year-round.

Rerouting Demand to Value-Added Products: Promoting value-added products such as pulp, jams, dried slices, and chutneys, produced utilising surplus mango fruit from peak seasons, assists in meeting year-round demand while mitigating heightened demand for fresh mangoes during off-seasons.

Logistics and Distribution Network Optimisation: A strengthened distribution network with improved cold chain facilities can mitigate price disparities and ensure nationwide availability of mangoes at fair prices. This involves identifying key production districts, improving infrastructure, streamlining transportation routes, establishing efficient market linkages, and enhancing access to market information. Further, buffer stocking curbs the excessive volatility of prices of fresh mangoes by regulating the gradual movement of fresh mangoes into and out of the markets.

Establishment of Farmer Clusters: Building on a strong foundation, Sri Lanka has already established successful farmer clusters for commercial mango production, such as those under the ‘Nucleus Estates’ initiative by the Agriculture Sector Modernization Project (ASMP) and Lanka Fruit and Vegetable Producers, Processors and Exporters Association (LFVPPEA). Farmer clusters foster sharing knowledge and supply opportunities, and pooling of resources, thereby leveraging growers with economies of scale, amplifying their collective voice, and ensuring a consistent supply.

Untapping Export Potential: Several global markets, like the EU, USA, Middle East, and Australia, hold significant export potential for Sri Lankan mangoes. Meeting their stringent quality standards requires a multi-faceted approach: improving orchard management with Good Agricultural Practices (GAP), Integrated Pest Management (IPM) and training on post-harvest handling and quality control compliance with international regulations. IPS, in collaboration with LFVPPEA, has already supported commercial mango growers in harnessing export potential through training and capacity building under an Australian Centre for International Agricultural Research (ACIAR) project (CS/2020/193).

This blog is based on an ongoing IPS study conducted under the ACIAR-funded project ‘Developing food loss reduction pathways through smart business practices in mango and tomato value chains in Pakistan and Sri Lanka’.

Link to original blog: https://www.ips.lk/talkingeconomics/2024/07/09/seasonal-swings-in-sri-lankas-mango-market-a-balancing-act-with-economic-insights/



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ADB signals strategic shift amid global turbulence, eyes budget support for Sri Lanka

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ADB President Masato Kanda (L) speaks at a one- on-one in Samarkand, Uzbekistan, yesterday.

The Asian Development Bank (ADB) is actively engaging with Sri Lanka on a potential budget financing package, following recent discussions between ADB President Masato Kanda and President Anura Kumara Dissanayake.

Describing the request as “crucial,” Kanda said the proposal is now under internal consideration, with a broader framework being developed to ensure funds are directed toward priority sectors such as energy security, food security, and overall budgetary support. While no figures or timelines were disclosed, he emphasised the need for a carefully structured and mutually agreed resource allocation strategy

Sri Lanka is among several countries that have approached the ADB for similar assistance, reflecting mounting fiscal pressures across the region.

Speaking at one of the key meetings of the 59th Annual Meeting of the ADB in Samarkand, Kanda outlined a broader institutional shift in response to escalating global economic uncertainties, particularly those stemming from tensions linked to the Iran conflict.

“Asia and the Pacific can’t afford to retreat into isolation,” he said, reiterating a paradigm shift in how the ADB responds with greater speed, flexibility, and coordination.

Reaffirming the bank’s commitment to the region, Kanda stated, “We will step forward as one, while the ADB will be your steadfast anchor,” signaling a more proactive and unified approach to crisis response and economic stabilisation.

As part of this renewed strategy, the ADB has launched a $70 billion initiative aimed at strengthening regional connectivity through integrated power grids and digital infrastructure. The program is expected to play a transformative role in boosting cross-border energy cooperation and technological integration. By 2035, the bank aims to facilitate the integration of approximately 20 gigawatts of renewable energy capacity across national borders, supporting both energy transition goals and regional resilience.

Kanda also detailed a multi-tiered response framework to address immediate and long-term economic disruptions. In the short term, the ADB is leveraging its Trade and Supply Chain Finance Program to provide rapid liquidity support. This is complemented by fast-disbursing budget assistance designed to shield vulnerable populations from economic shocks.

Over the medium term, the bank plans to deploy resilience-building tools to help the regional economies stabilise and adapt to ongoing geopolitical and financial stresses.

The evolving strategy reflects a recognition that traditional development financing models may be insufficient in the face of increasingly complex and interconnected global crises. For countries like Sri Lanka, the outcome of these discussions could prove pivotal in facing current economic challenges while laying the groundwork for sustainable recovery.

As deliberations continue in Samarkand, the focus remains on translating high-level commitments into tangible support mechanisms tailored to the specific needs of ADB”s member countries.

By Sanath Nanayakkare in Samarkand, Uzbekistan

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Sri Lankan Food Festival 2026

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At the initiative of the Deputy High Commissioner of Sri Lanka, Dr. Ganesanathan Geathiswaran, the Deputy High Commission of Sri Lanka in Chennai successfully organized the first-ever “Sri Lanka Food Festival 2026” from 24th to 26th April at Green Meadows Resort, Chennai.

The Festival provided a unique platform to showcase the rich and diverse culinary heritage of Sri Lanka, offering guests an authentic experience of traditional Sri Lankan cuisine.

The event was organized in collaboration with esteemed partners, including the Ministry of Foreign Affairs, Foreign Employment and Tourism of Sri Lanka; Sri Lanka Tourism Promotion Bureau; Cinnamon Grand Hotel, Colombo; Ministry of External Affairs of India; India Tourism, the Government of India, the Tourism Department of the Government of Tamil Nadu, Dwarka Productions Chennai, and Tarlton Tea.

The primary objective of the festival to further strengthen cultural ties between Sri Lanka and South India while promoting tourism, trade, and people-to-people connections through a shared appreciation of culinary heritage was successfully achieved.

The occasion was further honoured by the presence of Suresh Jain, District Governor of Rotary District 3234; Navin Gupta, President of the Rotary Club of Chennai Coastal; and the Chief Guest, Dr. Ishari K. Ganesh, Founder, Chairman and Chancellor of Vels University.

The event was also attended by Mr. Blaze Kannan of Dwarka Productions; Nazoomi Azhar, General Manager of Cinnamon Grand Hotel, Colombo; and Sri Lankan actor Kalana Gunasekara, whose presence added further distinction to the occasion.

The festival witnessed the participation of diplomatic Corps, South Indian actors and actresses, distinguished business leaders, members of travel and tourism associations, members of Rotary Clubs, Round Table members, and members of the media fraternity, making it a prestigious and diverse gathering.

Over 700 guests attended the festival across the three days, reflecting strong interest and engagement from the local community.

In addition, the Rotary Club of Chennai Coastal announced its initiative to donate an ambulance to Sri Lanka and to renovate 30 schools across the country, further strengthening goodwill and support in the healthcare and education sectors between the two regions.

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JAECOO shakes up UK auto market with record-breaking growth

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Since its UK debut in January 2025, JAECOO has recorded 28,232 new vehicle registrations within its first year, validated by the SMMT, making it the fastest-growing mainstream automotive brand Britain has seen in over a decade. Its flagship model, the JAECOO J7 PHEV, ranked among the most popular retail cars in the UK within its first year and emerged as the best-selling new car in Britain in March 2026.

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Carwow Brand of the Year 2026

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Supporting this growth is JAECOO’s parent company, Chery Group, ranked 233rd in the Fortune Global 500 (2025) and China’s No. 1 passenger vehicle exporter for 23 consecutive years.

This global momentum is beginning to translate into local demand, with growing interest in the JAECOO J7 PHEV across Sri Lanka. Designed to combine premium styling with advanced technology and everyday practicality, the model is well suited to both urban driving and more challenging terrain. It offers a combined range of up to 1,200 km, fast-charging capability (30% to 80% in 20 minutes), and acceleration from 0–100 km/h in under 8.5 seconds. Safety and reliability are reinforced through advanced driver-assistance features, a five-star Euro NCAP rating, and a seven-year warranty offered by Hayleys Mobility.

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