Lay Hong expects egg prices to rise in the coming quarters as the industry takes action to regularise supply.
KUALA LUMPUR: The weak ringgit is eating into profits at Lay Hong Bhd
, but the poultry producer expects higher egg prices in the coming months to lift its performance.
The company, in a filing with Bursa Malaysia on Monday, said the ringgit’s slump has resulted in a significant 8% jump in feed cost during the three-month ended Sept 30.
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