Ceylon Grain Elevators PLC (CGE), Sri Lanka’s leading poultry producer, reported a decline in both revenue and profit for the second quarter of 2024 due to an oversupply of chicken, which led to lower prices and reduced volumes. Despite this, demand for feed and Layer Day Old Chicks (DOCs) remained stable, supported by consistent demand
The decision to resume egg imports has faced fierce opposition from local producers, who argue that Sri Lanka can meet domestic demand with locally produced eggs, even during peak festive periods, though at a higher price than the government’s import offer. The government announced last week that it would restart egg imports to stabilize prices
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
Sri Lanka Animal Production Association President Ajith Gunasekara has called on the Government to reconsider the 20.5% tax on eggs, a perishable item, to address the escalating food prices in the country. Gunasekara highlighted that the 18% Value Added Tax (VAT) and 2.5% Social Security Levy have significantly increased egg prices. “Currently, supermarket eggs are