Cabinet approval has been granted for the proposal to import eggs to stabilise prices in the local market and supply eggs required for the Ramadan and Christmas festivals. 

At a Cabinet meeting in March 2024, the Sri Lanka State Trading (General) Corporation informed that it had imported 224 million eggs so far. 

It was disclosed that 95% of the said imported eggs were distributed among the consumers at an affordable price of Rs. 37 per egg, while the duration given for the import of eggs ended in April 2024. 

As such, the Cabinet approved the proposal presented by the Minister of Trade, Commerce and Food Security to import the required stocks of eggs to enable the stabilization of egg prices in the market.

The proposal to import eggs has also been made in order to supply eggs required for Ramadan and Christmas festivals and stabilise the prices of cakes and bakery products. (Newswire)

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Cabinet approval has been granted for the importation of eggs based on the requirements of the upcoming festive season.

In December 2023, the Cabinet approved the import of eggs required until April 30, 2024, and to maintain the egg prices in the local market. 

Accordingly, around 18 million eggs have been imported by now and it has been calculated that approximately another 42 million eggs have to be imported in view of the festive season. 

Meanwhile, the Department of Animal Production and Health has also called quotations from recommended eligible Indian establishments to import the required amount of eggs. 

The Cabinet has therefore, approved the proposal presented by the President, as the Minister of Finance, to award the relevant procurement as per the recommendation of the Standing Procurement Committee appointed by the Cabinet of Ministers. (NewsWire)

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The Cabinet of Ministers has granted approval to import 92.1 million eggs from India during the next 3 months.

According to the government, the Cabinet had previously approved the import of eggs by the State Trading (Misc) Corporation and releasing them to the local market with the objective of stabilizing the prices of eggs in the local market. 

Quotations were called from 03 Indian companies recommended by the Department of Animal Products and Health for this purpose. 

Thereby, the Cabinet has granted approval for the resolution presented by the President in his capacity as the Minister of Finance, Economic Stabilization and National Policies in this regard.

As per the proposal, 92.1 million eggs for a period of 03 months will be procured ahead, through the State Trading (Misc) Corporation based on the recommendation made by the standing procurement committee appointed by the Cabinet. 

The procurement will be made based on the price specifications recommended by the standing procurement committee. (NewsWire)

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The Ministry of Trade, Commerce and Food Security has issued a new directive on the price of eggs imported from India. 

Minister of Trade, Commerce and Food Security Nalin Fernando stated that imported eggs from India will be distributed for Rs. 35 each.

The Minister further stated that boxes of imported eggs from India will be distributed for Rs. 40 per egg.

The imported eggs at the mentioned price will be distributed to Lanka Sathosa and other supermarkets from today (July 25), he added. (NewsWire)

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The Consumer Affairs Authority (CAA) has issued a Gazette notification stipulating a maximum retail price (MRP) for eggs by weight.

According to the Gazette, the MRP of a kilo of white eggs is Rs. 880, while the MRP of a single white egg is Rs. 44. 

Meanwhile, the MRP of a kilo of brown eggs is Rs. 920 and the MRP of a single brown egg is Rs. 46.

The CAA has also ordered that no Manufacturer, Producer, Supplier, Distributor or Trader shall sell, supply, expose or offer for sale, or display for sale the item listed below, exceeding the Maximum Retail Price.

The Consumer Affairs Authority stated that the Gazette notification comes into effect today, 20th April 2023. (NewsWire)

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The Consumer Affairs Authority (CAA) has seized over 15,000 white eggs that had been hoarded at a store in the Public Market in Maradana.

Following a raid conducted by CAA officials, it was found that the store had been hoarding eggs and selling them above the stipulated price. 

CAA officials had thereafter, taken measures for the eggs to be sold by the vendors themselves for the government stipulated price of Rs. 44 an egg.

Investigations revealed that the vendor had concealed the eggs to sell them to other vendors in various areas for a higher price. 

The Consumer Affairs Authority has requested the public to remain vigilant and not purchase goods for exorbitant prices and to inform the CAA of such malpractices. (NewsWire)

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