The Committee on Public Enterprises (COPE), taking issue with the prices formula introduced for eggs, has advised the particular officials to revisit the move, on account of various practicality concerns.A COPE meeting was convened on Wednesday (Jan.

25) under the chairmanship of MP Ranjith Bandara, a for four-pointer conversation as an extension of the committee conference on January 19.

Apparently, the other days COPE meeting has concentrated on approximating the production expense fairly for the purpose of setting a fair price for eggs in the market, protecting the domestic poultry industry, the egg shortage in the market and providing eggs to customers at a reasonable price.Given the regulation at the previous COPE meeting, the secretaries to the Trade Ministry and the Agriculture Ministry have actually provided a cost formula to determine the price of an egg having actually determined the relevant cost of an egg accordingly.Having discussed the formula presented and the matter of concern in depth, the COPE chairman has advised the respective authorities to review the rates formula due to different usefulness concerns in using the formula presented.The authorities who attended the meeting swore to review the pricing formula, taking into account all matters discussed at the COPE meeting.When the focus of the conference fell on safeguarding the domestic poultry industry, the COPE revealed that domestic manufacturers representing the poultry industry have actually communicated to the committee that if the price of an egg can be kept at Rs.

51 for a period of one and a half months till the poultry market is stabilized, the rate of an egg can be lowered further.The COPE was also of the view that whilst considering securing the poultry market, the respective authorities must likewise look at the context from the viewpoint of the customer and act fair by all parties.It was divulged at COPE that there exists a momentary lack of roughly 3 million eggs per day.

The authorities present mentioned that there is no precipitated procedure in the poultry industry as a solution to this.

Therefore, officials stated that it has been agreed upon to import a minimal variety of eggs to the market in consideration of the consumer.Taking into consideration all elements provided before COPE, the Committee was of the view that all efforts should be made to find a service to the matter at the discussion, which is fair to the consumer.Accordingly, the COPE chairman has advised the respective authorities to notify the public of the measures taken and to reassure that all parties are jointly working towards finding an useful service to the matters of issue.