Sri Lanka ramps up egg imports from Indian farms in response to surging demand

Published 2023년 6월 1일

Tridge summary

Sri Lanka's State Trading Corporation (STC) is planning to import one million eggs per day from five chicken farms in India due to rising market demand caused by a severe economic crisis. The country has already imported 20 million eggs from India, with more to be purchased from three additional farms. The imported eggs will be distributed to various sectors at a fixed price. This measure is a temporary solution to address the shortfall in the local market and stabilize prices.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Sri Lanka's State Trading Corporation (STC) has announced plans to import one million eggs per day from five chicken farms in India in order to meet the growing market demand. The decision came after the severe economic crisis rocked the island nation. The high inflation rates have eroded the purchasing power of the people, resulting in adverse effects on livelihoods and a reversal of past development gains. In April of the previous year, Sri Lanka declared its first-ever debt default, further intensifying the economic challenges. Currently, Sri Lanka has imported 20 million eggs from India, with 10 million eggs already released into the market. These eggs are sourced from two chicken farms in India, and the Animal Production Department has given approval for the purchase of eggs from three additional farms. This decision was made based on the reports provided by the officials from the Animal Production Department and the State Trading Corporation, who visited poultry farms in ...

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