CIC Agri businesses plans:
A 30 percent increase in agri and grain production
CIC Agri Businesses will increase its grain and dairy production by
around 30 percent this year, CIC Agri Businesses Managing Director/CEO
Keerthi B.Kotagama said.
The company hopes to solve the issue of surplus paddy in the country
by developing exportable rice varieties.
It will explore the market through research and by improving the
processing quality. Currently the country has around 300,000 MT of
excess rice due to the Maha and Yala bumper harvests which produced 4.3
million MT of paddy last year.
Paddy farmers are unable to sell their produce due to the excess
production. CIC exports rice to 10 countries with types developed for
health purposes in Australia,USA , Canada the Middle East are some of
the major export markets.
Kotagama said that during the next ten years the company will focus
on value addition to agricultural products under the theme ‘Nutritious
and Healthy Nation'. The company will launch a dairy project in Dambulla
to produce a range of milk products. The factory will produce 25,000
litres of milk a day.
‘We are also hoping to expand our egg production to 100,000 eggs a
day with a hatchery at Naula”, Kotagama said.CIC Agri Business will
develop a land obtained under a lease in the North as a model farm for
farmers in Kilinochchi, Mullaitivu and Mannar and provide employment to
around 200 people in the area. The company has commenced maize and seed
paddy out-grower programs in the North with around 1,000 farmers. The
company has focused on developing fruits such as cavendish
banana,pineapple and papaw which are in demand in international markets.
CIC Agri Business exports bananas to the Middle East and it is in
search of land to expand the cultivation for exports. CIC has cultivated
160-acres of banana at its farms at Higurakgoda and Pelwehera.
CIC Agri Businesses entered into a joint venture with Rahimafrooz, a
diversified business entity in Bangladesh.
The company signed a MoU with a Dubai and Qatar company for urban
beautification. It hopes to set up ventures in Africa for food
Kotagama said that with the current global food crisis the need to
increase world food production has increased.
The demand for food has increased and prices have shot up by 100
percent due to the growth in population,conversion of food production to
energy such as bio diesel in USA and Europe, change of food habits in
developing countries and climate changes.