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Tuesday, December 28, 2010

CIC keen on increasing milk production

CIC Agri Businesses Managing Director and CEO Keerth B Kotagama said CIC is keen on enhancing liquid milk consumption and increasing the milk production in the country.

He said with the acquisition of CIC Mahaweli Livestock and Dairies (Pvt) Ltd in the Eastern province last year, the company is producing 5,000 litres of fresh milk per day.

The company expects to produce 20,000 litres of fresh milk per day in three years. The company started producing yoghurt, curd and milk lollies for a few trial markets in the Eastern province and the company’s initiative was well received by the customers.

With the success in the trial markets CIC Agri Business is now planning on expanding the yoghurt business while introducing it to all Sri Lankan consumers by March 2011. The company also expects to re-brand the product with an investment of over Rs 30 million. “Our focus is mainly Sri Lanka as we want to help the country to be self-sufficient in milk. According to the demand that we will receive for yoghurt the company would gradually expand its business in value added products. Sri Lanka has a one billion-litre milk requirement at present. However, the country imports 80 percent of the milk requirement while spending over Rs 18 to 20 billion per year on imported milk powder,” Kotagama said.

“To cater to the high demand and achieve the targets we have to work along with the outgrowers as well. CIC Agri Business is closely working with the outgrowers. At present there are over 1,200 outgrowers and it will be increased to 3,000 in the near future. The company has generated direct job opportunities for people who are engaged in dairy production and have provided indirect opportunities in other areas too,” he said.

The company is keen on enhancing the milk production in Sri Lanka. By increasing the number of livestock plants and encouraging people that are engaged in the dairy farm industry Sri Lanka can save a large sum of foreign exchange and at the same time sustain the country’s demand for milk as well, Kotagama said.

source - www.dailynews.lk