Despite recommendations by the Singapore Food Agency for importers to activate supply chains to increase the import of chilled chickens from alternative sources or increase the import of frozen chickens from suppliers other than Malaysia, the importers said delays in supply would still arise.
Ma added that the price of chilled chickens would inevitably go up once the supply drops and demand continues to remain the same.Ma, who is also the chief executive officer of a chicken supply company in Singapore, said business revenue was expected to dip by 60% once Malaysia’s export curbs were enforced.
He said his firm also had no intention of sourcing from other countries as it had mainly worked with farms in Malaysia. Singapore’s Maybank Investment Banking Group economist Lee Ju Yee said the ban would likely further push up the price of chicken, which had already risen 5.7% in April. “Although food comprises 21% of Singapore’s consumer price basket with meat accounting for just 0.1%, it does not make the move less significant.
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