What is the price of molasses per kilogram/pound in Sri Lanka today?
The retail price range for Sri Lanka molasses is between US$ 4.61 and US$ 5.29 per kilogram or between US$ 2.09 and US$ 2.40 per pound(lb). Click here to see today's exact prices of molasses in Sri Lanka
The retail price range in Sri Lanka Rupee for molasses is between LKR 1,417.82 and LKR 1,626.42 per kilogram or between LKR 643.00 and LKR 737.60 per pound(lb) in Colombo and Jaffna.
Wholesale prices
In 2024, the approximate wholesale price range for Sri Lanka molasses is between US$ 3.23 and US$ 3.70 per kilogram or between US$ 1.46 and US$ 1.68 per pound(lb).
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Sri Lanka Molasses Export Prices - Historical, Trends and Prediction
The export price per kilogram of Molasses from Sri Lanka over the last five years has been quite varied. In 2017, the price was 3.50 US dollars per kg, followed by a slight increase to 3.88 US dollars per kg in 2019. In 2020, the price rose to 3.92 US dollars per kg, and then jumped to 5.67 US dollars per kg in 2021. Based on this trend, it is likely that the export price of Molasses from Sri Lanka will continue to increase in the coming years, with an estimated price of 6.00 US dollars per kg in 2023 and 6.50 US dollars per kg in 2024.The Sri Lanka molasses exports are categorised as:
- Beet molasses resulting from the extraction or refining of sugar (HS code 170390)
- Cane molasses resulting from the extraction or refining of sugar (HS code 170310)
Sri Lanka Molasses Import Prices - Historical, Trends and Prediction
The import price per kilogram of Molasses into Sri Lanka over the last five years has been quite varied. In 2017, the price was 3.50 US dollars per kg, followed by a slight increase to 3.88 US dollars per kg in 2019. In 2020, the price rose again to 3.92 US dollars per kg, and then to 5.67 US dollars per kg in 2021. This represents an increase of over 50% from the 2017 price. Looking ahead, it is likely that the import price of Molasses into Sri Lanka will remain at a similar level in 2023 and 2024, with a slight increase of around 5-10%.Export values for Sri Lanka molasses
The total values in export for molasses in Sri Lanka were US$ 5, US$ 7, US$ 171 and US$ 152 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Sri Lanka: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of molasses in other countries across Asia: Kazakhstan molasses, Kyrgyzstan molasses, Tajikistan molasses, Turkmenistan molasses, Uzbekistan molasses, China molasses, Hong Kong molasses, Macao molasses, North Korea molasses & Mongolia molasses.
Sri Lanka molasses - Production, Exports, Imports, Seasons and HS Codes
In 2019 Sri Lanka shipped 70 tonnes of molasses. In 2019 alone, the demand for Sri Lanka molasses (processed category) has gone down, changing by -22.222 percent compared to the year 2018. Between 2017 and 2019, molasses' exports increased by 3400 pc bringing the nation US$0.15m for the year 2019. Sri Lanka's molasses exports are categorised as:
- Beet molasses resulting from the extraction or refining of sugar (HS code 170390)
- Cane molasses resulting from the extraction or refining of sugar (HS code 170310)
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Sri Lanka molasses export values
In 2019, Sri Lanka exported molasses costing 0.15m USD, a reduction of -12.28% from 2018's total molasses export of 0.171m USD. The yearly reduction in value of Sri Lanka molasses between 2017 to 2018 was 2342.857 per cent.
The yearly variation in the volume of Sri Lanka's molasses exports between 2017 and 2019 was 3400% in comparison to a variation of -22.222% in the period between 2018 and 2019.
Export markets for Sri Lanka molasses ( in '000$ )
Sri Lanka's best performing destinations for molasses are Australia, Canada, New Zealand, United Kingdom (UK) and Japan.
Sri Lanka brought in 1 tonnes of molasses in 2019.