‘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.

The price of palm oil – which is added to the feed – increased by 43.3% from RM3,000 to RM4,300 per tonne, said Tan.

“The corn and soya meal used to formulate the feed is also imported, ” he said, adding that the surge

in prices began in August last year.

“This time around, it is different as the prices have been going up for eight months. We have never seen this before. I hope the rakyat can understand that farmers are having a hard time.”

According to Tan, the cost of production for every kilogramme of live chicken is about RM6.

He suggests that the government look at increasing the stockpile of raw materials or encourage the private sector to do so in order to prevent the cost of poultry feed and chicken from increasing.

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