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"The poultry industry in the country is highly regulated by the Consumer Affairs Authority of Sri Lanka, with the maximum retail price of packeted broiler chicken meat capped at Rs.380 per kilogram since October 2012. Due to the price ceiling, poultry producers have not been able to pass on to the customers the impact of escalating feed and other input prices. This has also resulted in the industry’s overall margin being squeezed."
Yakooth Naleem Managing Director/Chief Executive Officer
BFL - PLC
Annual report 20104/2015
Now the Govt has taken the much awaited decision by the poultry companies for the last three years. In fact this should be the other way round since the cost of production of all the poultry companies in Sri lanka have come down due to the low raw material prices in the world mkt. However Govt has taken a positive decision to increase the price ceiling of chicken which was imposed in way back in year 2012 to improve moral of the poultry meet manufactures to increase the productions to meet the growing demand of this most cheapest protein source in SL.
Yakooth Naleem Managing Director/Chief Executive Officer
BFL - PLC
Annual report 20104/2015
Now the Govt has taken the much awaited decision by the poultry companies for the last three years. In fact this should be the other way round since the cost of production of all the poultry companies in Sri lanka have come down due to the low raw material prices in the world mkt. However Govt has taken a positive decision to increase the price ceiling of chicken which was imposed in way back in year 2012 to improve moral of the poultry meet manufactures to increase the productions to meet the growing demand of this most cheapest protein source in SL.
