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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Chicken Meat Prices Adjusted - A Boom for the Industry.

Chicken Meat Prices Adjusted - A Boom for the Industry.

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Bull Master


Senior Equity Analytic
Senior Equity Analytic
"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.

raider


Manager - Equity Analytics
Manager - Equity Analytics
@Bull Master wrote:"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.

Much needed action from the CAA.

The poultry industry will now see a well balanced price an volume that will certainly improve profitability in the near term.

suku502


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Can we expect boom today onwards, ??

gayanath1983

gayanath1983
Vice President - Equity Analytics
Vice President - Equity Analytics
yes ofcourse

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