December 9, 2013
Sri Lankan poultry farmers doubtful about new price formula
Sri Lanka's 2014 budget included a proposed new pricing formula for poultry, which failed to draw optimistic response from farmers.
According to Ceylon Today, poultry producers in the country saw a similar situation in 2013, when the government proposed a pricing formula based on the cost structure. However, it was not followed up due to the complexity of the formula and the involvement of other sectors.
When questioned whether the pricing formulae proposed in the 2013 and 2014 budgets would complicate matters, Bairaha Farms PLC's managing director, Yakooth Naleem said that the industry would have been in favour if the government had taken measures to control supply, instead of imposing price controls. Controlling supply would be more transparent and easy to implement, giving the industry faster relief.
