Malaysia bans chicken exports amid rising prices
Singapore, June 1 (EFE).- Malaysia halted chicken exports on Wednesday to check rising prices amid supply issues resulting from the war in Ukraine.
The measure bans the export of 3.6 million whole chickens a month until production and prices stabilize, Malaysian Prime Minister Ismail Sabri Yaakob announced last week.
Malaysia exported more than 49 million live chickens in total in 2020, according to the Ministry of Agriculture.
The Federation of Livestock Farmers’ Associations of Malaysia (FLFAM) attribute the increase in prices to a spike in the cost of animal feed amid supply problems due to the war in Ukraine.
Meanwhile, the Malaysian Competition Commission is studying allegations that poultry farmers have stopped production due to a delay in government subsidy payouts.
It is also investigating claims that cartels are controlling supply and price of chicken. EFE