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

Published Aug 12, 2024

Tridge summary

Malaysia is currently facing a problem of chicken overproduction, which was not anticipated after a period of high prices due to a shortage in 2021. This overproduction has led to a significant drop in prices, causing farmers to bear substantial losses. The situation is worsened by the cessation of government subsidies for chicken farmers and egg producers, despite Prime Minister Anwar's announcement of a subsidy for eggs. However, egg producers have not received these subsidies, putting their survival and the potential for increased egg production at risk.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(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 ...

Source: Zaobao