ECONOMNEXT – Sri Lanka’s chicken farmers will have to sell at least 40 percent of their output as price controlled whole chicken, Finance Minister Ravi Karunanayake said.
Farmers who were faced with higher animal feed costs due to ‘self-sufficiency’ plan for corn growers were earlier selling chicken parts at market prices.
The controlled price for whole chicken will be 420 rupees, he said.
Karunanayake said if price controls were not adhered to the government will import poultry. In the past there had been corruption in the import of poultry meat by the state.
Feed producers will be allowed to import corn, where there is not enough local production and exported meat will be given a rebate, he said.