Chicken feed: Prices of grain corn, soybean meals up by 13%, 11% since January

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KUALA LUMPUR: Prices of grain corn and soybean meals, the two main feed for chickens, have increased by 13% and 11%, respectively, since January.

The rise in the prices of chicken feed is one of the factors that contributed to the increase in the production cost for chickens, causing the prices of chicken in the country to re-escalate.

The meeting, which was held in a hybrid manner, was attended by MAFI Minister Datuk Seri Dr Ronald Kiandee, KPDNHEP Minister Datuk Seri Alexander Nanta Linggi, Entrepreneur Development and Cooperatives Minister Tan Sri Noh Omar, senior officers and top management of MAFI, KPDNHEP, MEDAC, Finance Ministry, Human Resource Ministry, Agrobank and the Malaysian Competition Commission .

It added that MAFI was actively providing subsidy assistance to broiler chicken breeders and layer chicken breeders involving RM528.52mil throughout the Malaysian Family Maximum Price Control Scheme period. According to the statement, MAFI will expedite the effort to give existing subsidies to the breeders thus avoiding pressure on the livestock industry and ensuring that the people could buy chickens and eggs at affordable prices.

 

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