Malaysia's chicken meat supply exceeds demand, chicken farmers cut prices to sell

(Comprehensive News from Kuala Lumpur) The overproduction of chicken in Malaysia has caused an oversupply, and prices have also fallen, forcing chicken farmers to bear losses on their own. Since 2021, Malaysia has seen high prices due to the shortage of chicken, and the authorities have even banned the export of chicken. Huang Junyi, consultant of the Federation of Livestock and Poultry Industries of Malaysia (FLFAM), said that there is currently an overproduction of chicken, but sales are not keeping up. For example, wholesalers could buy 100 baskets of chickens each time before, but now they can only buy 50 to 60 baskets. Chicken farmers are therefore forced to bear 40% to 50% of the losses. He said: "Chicken farmers are now forced to sell chickens at a wholesale price of RM5 (about S$1.5) per kilogram, so the price of fresh chicken will not rise recently." After the price of feed continued to rise in 2021 and 2022, Malaysian chicken farmers reduced production in order to reduce ...