By Jithendra Antonio
Sri Lanka’s current chicken consumption will increase to 8 kg per person from the current 5Kg next five years, Chairman of the Ceylon Grain Elevators (GRAN), Cheng Chih Kwong Primus said recently reviewing the company’s annual performance.
“With rapid development, change in lifestyle and purchasing power, we expect the consumption would increase in such a magnitude”. He pointed out that in the backdrop of market recovery from the global financial turmoil, the world population has grown anda will continue to grow in the next two decades.
“Meat consumption has a strong correlation with the GDP’s per capita income. With an increased purchasing power, consumption of meat and poultry products tends to go up in tandem. In 2010, the world GDP per capita income grew to US$ 5,611 pushing the consumptions to 38Kg per person and in 2030, the GDP per capita income is expected to reach US$ 7,600 where the consumption could reach as high as 45Kg per person, opening doors much wider for the poultry industry.”
Domestic per capita income has increased improving the purchasing power of Sri Lankans. This will result in the expenses on food purchases, making conditions highly favorable for the local poultry industry in general and GRAN in particular.
“The local market experienced a shortage in layer chicks and chicken meat supply during the first half of 2010, as a result of excess Day Old Chicks (DOC) supply in 2009. Breeder farms incurred huge losses and were forced to scale down their DOC production.”
“GRAN’s production cost was increased with maize shooting up from Rs. 34 per kg in March to Rs. 42 per kg in the 4th quarter last year. Thus the high production costs had to be passed down to the consumers eventually. GRAN purchased over 35,000 metric tones of local maize in 2010,” Kwong Primus pointed out.
source - www.dailymirror.lk
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