Chicken Stocks In Oversupply After Export Ban

Agriculture and Food Industries Minister Ronald Kiandee said there is now a slight oversupply of chicken in the country.
This comes after the imposition of a ban on exports of the poultry to secure domestic supplies and rein in rising food prices.
Malaysia, which supplies live chickens mainly to neighbouring Singapore and Thailand, halted chicken exports in June.
The ban was to be until production and prices stabilise, after a global feed shortage exacerbated by the Russia-Ukraine war disrupted production.
Ronald (above) said the government is monitoring local chicken supply and will resume exports if it has the extra capacity to do so.
"At this point, we are able to produce 106 percent of our self-sufficiency level. That means we have the capacity to export chicken from our country," he said in Parliament today.
"We currently have a slight oversupply of chicken, which has caused the prices of chicken in the market to be lower than that of the ceiling price set by the government," he added.
Agriculture and Food Industries Minister Ronald Kiandee said there is now a slight oversupply of chicken in the country.
This comes after the imposition of a ban on exports of the poultry to secure domestic supplies and rein in rising food prices.
Malaysia, which supplies live chickens mainly to neighbouring Singapore and Thailand, halted chicken exports in June.
The ban was to be until production and prices stabilise, after a global feed shortage exacerbated by the Russia-Ukraine war disrupted production.
Ronald (above) said the government is monitoring local chicken supply and will resume exports if it has the extra capacity to do so.
"At this point, we are able to produce 106 percent of our self-sufficiency level. That means we have the capacity to export chicken from our country," he said in Parliament today.
"We currently have a slight oversupply of chicken, which has caused the prices of chicken in the market to be lower than that of the ceiling price set by the government," he added. - Mkini

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