Sri Lanka’s cabinet has sanctioned the State Trading (General) Corporation to import more eggs to curb price increases, according to Spokesman Bandula Gunawardana. This measure aims to prevent price surges during the upcoming Ramazan and Christmas seasons.
Earlier this year, Sri Lanka imported 224 million eggs following a cabinet decision in March, with 95 percent sold through the state-run Sathosa at 37 rupees per egg. The import permission expired on April 30.
The introduction of import licensing taxes on maize has increased feed costs, leading to higher poultry prices. Similar challenges are affecting the dairy sector. The country began importing eggs after the Consumer Affairs Authority imposed price controls and forced farmers to cull flocks due to rising feed prices during an economic crisis.
No accountability has been established for the impact on the poultry industry.