April 24, 2012

Sri Lanka's poultry consumption rising

Sri Lanka's poultry consumption is to increase to 8 kilogrammes within the next five years in line with the increase of purchasing power of the citizens, according to Ceylon Grain Elevators (GRAN), the country's largest poultry producer.

"We expect this increasing trend to continue in the coming years on par with increasing purchasing power enjoyed in Sri Lanka," GRAN Chairman and CEO, Cheng Chih Kwong primus said.

The report further stated that supply of locally produced maize, which comprises large part of chicken feed, decreased drastically due to unfavourable weather conditions and floods in maize growing areas. As a result, the price of local maize has increased from LKR42 (US$0.32) per kilogrammes in December 2010 to LKR45 (US$0.34) per kilogrammes in December 2011.