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Egg Prices to Come under Government Control

by 5m Editor
20 September 2010, at 9:59am

SRI LANKA - The government is recommending a ceiling on egg prices to prevent an artificial shortfall in supply.

The government has decided to recommend a controlled price for eggs if prices are further increased by creating an artificial shortage in the local market, Co-operatives and Internal Trade Minister Johnston Fernando told the Daily News of Sri Lanka.

The Minster said that if any attempt is made to further increase the prices of eggs, he will take steps to purchase eggs directly from poultry farmers by sending CWE lorries to their farms across the country and sell them at lower prices to the consumers through the Economic Centres, Laksathosa outlets and co-operatives island-wide.

Following the discussion held with poultry farmers last Saturday, the Minister said that they have agreed to supply a white egg and red egg at wholesale prices of 12 rupees (LKR) and LKR12.50, respectively. He said that he had information that an artificial shortage is to be created to increase the price of eggs. The Minister said: "I will not hesitate to import eggs if any party tries to cheat the consumers by creating an artificial egg shortage. "It is necessary to protect both consumers as well as local producers and I am committed to safeguard both parties."

Meanwhile, the Minister set up a new Sri Lanka Small and Medium Poultry Farmers Association in the Kurunegala district on 18 September. reports Daily News.

A spokesman for the Association said there is no egg shortage in the country and local farmers can supply the demand. He revealed that certain parties are trying to create an artificial shortage of eggs in the local market and this monopoly will be broken by the new Association.