News
Egg prices will also increase
By Rathindra Kurruwita
All-Island Egg Producers’ Association (AIEPA) yesterday claimed that the production cost of an egg was around Rs. 18, but it was increasing rapidly.
Chairman of the AIEPA, Sarath Ratnayaka said that the animal feed prices had increased by over 100% and that the price of eggs would increase soon.
“Corn accounts for round 45% of animal feed. Six months ago, a kilo of corn was about Rs. 60, now a kilo of corn is over Rs. 100. A kilo of soy that was Rs. 85 six months ago is now Rs. 185. The livestock dietary supplement, DCP, which was Rs. 85 is now around Rs. 250. Most of these are imported,” he said.
Ratnayaka said that the cost of producing an egg was between Rs. 17.50 and 18.50. The average price of an egg in the market was about Rs. 22, he said.
“Each week the cost of production increases by about 50 to 75 cents. So, we will have to increase prices. However, the long-term solution is to reduce the farmers’ cost of production. Otherwise, this will keep on happening. A lot of egg producers are in trouble,” Ratnayaka said.
Prime Minister Dr. Harini Amarasuriya met with the Managing Director of the International Monetary Fund (IMF), Dr. Kristalina Georgieva, at Temple Tress on the 17th of February
Dr. Georgieva, commended the Government’s efforts in stabilizing the country’s economy and in managing recent economic and natural shocks. She noted that Cyclone Ditwah had caused severe impacts, especially on economically vulnerable communities, underscoring the importance of targeted support and resilience-building measures.
The Prime Minister expressed appreciation for the IMF’s continued support to Sri Lanka, particularly in the aftermath of Cyclone Ditwah. The PM further emphasized that real economic recovery and development must directly benefit the economically vulnerable groups and ensure inclusive growth, highlighting the need for Sri Lanka to attract quality and sustainable investments, particularly in the tourism sector.
The importance of reforming the education system to focus not only on knowledge acquisition but also on skills development and employability was also discussed
The meeting was attended by the Chief of Staff of the IMF Managing Director Andreas Bauer, Director, Asia and Pacific Department, Dr. Krishna Srinivasan Division Chief (Strategic Communications), Communications Department, Pierre Mejlak Resident Representative for Sri Lanka Dr. Martha Woldemichael, Governor of the Central Bank of Sri Lanka Dr. P. Nandalal Weerasinghe, and Deputy Governor Dr. C. Amarasekara, Secretary to the Prime Minister Pradeep Saputhanthri and Additional Secretary to the Prime Minister Ms. Sagarika Bogahawatta.
[Prime Minister’s Media Division]
The Cabinet of Ministers approved the resolution forwarded by the Minister of Health and Mass Media to relocate the Deniyaya Base Hospital after constructing a new hospital with a capacity of 300 beds at an estimated cost of Rupees 6,000 million.
The Southern Provincial Department of Health has acquired a plot of land in Handford estate which is approximately 03 kilometres away from the town for this purpose.
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