Oversupply Pressures Ceylon Grain Elevators’ Profits in Q2
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