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Malaysia has oversupply of chicken, can resume export

Bloomberg
Bloomberg8/1/2022 05:29 PM GMT+08  • 2 min read
Malaysia has oversupply of chicken, can resume export
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Malaysia now has an oversupply of chicken and can resume exports to other countries, according to Minister of Agriculture and Food Industries Ronald Kiandee.
“At this point of time, we are able to produce 106% of our needs for chicken,” he said in parliament on Monday. “This means we have the capacity to export.”

Malaysia, a net food importer, halted chicken exports in June to cool rising local prices and ensure sufficient domestic supplies. The decision was a major blow to Singapore, which buys about a third of its supply from its neighbour.

While Malaysia has since allowed some types of chicken to make their way to Singapore, the commercial broiler birds that comprise the bulk of sales remain blocked. The halt has succeeded in stabilizing domestic supplies, Kiandee said.

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