‘Poultry feed cost rose by 40% in the past year’

PETALING JAYA: The price of raw materials for poultry feed has risen at least 40% in the past one year, resulting in the higher cost of chicken, says the Federation of Livestock Farmers’ Associations of Malaysia (FLFAM).

Its president Tan Chee Hee said the price of corn per metric tonne had gone up by 41.3% from RM950 in January 2020 to RM1,300 in March this year, while the price of soya bean meal per tonne had increased by 57.6% from RM1,650 to RM2,600 during the same period.