Malaysian government approves RM553m worth of subsidy for egg producers from Feb 5-13

Published 2023년 2월 17일

Tridge summary

From Feb 5 to Feb 13, 2023, the Malaysian government approved 1,638 applications worth RM553.19 million from egg producers to help offset increased production costs, as part of a subsidy program aimed at addressing a shortage of grade A, B, and C chicken eggs. In addition to this short-term measure, the government has also permitted the importation of eggs and day-old chick or hatched eggs from several countries. Long-term strategies include a plan to reduce dependence on imported corn for chicken feed by 30% by 2032, and research into using local oil palm by-products as alternative chicken feed ingredients. Furthermore, chicken farmers will receive loans totaling RM300 million to help offset increased production costs.

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Original content

KUALA LUMPUR (Feb 17): A total of 1,638 applications by egg producers worth RM553.19 million has been approved from the start of subsidy programme on Feb 5 till Feb 13, 2023 to help producers overcome the increase in production costs, said Minister of Agriculture and Food Security Datuk Seri Mohamad Sabu. The Kota Raja MP told Dewan Rakyat that this was one of the short-term measures taken by the government to deal with the shortage of grade A, B and C chicken eggs in the market. In a parliamentary written reply dated Feb 16, Mohamad Sabu said other short-term measures implemented were allowing the importation of eggs from Dec 2022, as well as the importation of day-old chick or hatched eggs from Brazil, New Zealand, France and Australia to ensure sufficient stock of chicken egg replacements. As for long-term measures, the minister said the government has planned to reduce the dependence on imported corn by 30% from 2032 for chicken feed through the initiative of planting grain ...

Source: Theedgemarkets