- Joined
- Oct 5, 2018
- Messages
- 17,807
- Points
- 113
Malaysia extended ceiling caps for retail prices of chicken and eggs for four months effective Feb 5. It is believed that they are trying to suppress the food inflation at least till Ramadan is over.
https://www.marketwatch.com/story/m...-ceiling-prices-for-chicken-eggs-271648180805
Recent surge in feed costs had affected poultry companies in Malaysia. Even SGX-listed Khong Guan, is subjected to selling-price caps in Malaysia despite higher raw material and freight costs pressures, as well as supply chain challenges due to the tight container freight situation. The ongoing conflict between Russia and Ukraine will further exacerbate the situation as these countries are major exporters of agriculture products such as wheat.
https://www.marketwatch.com/story/m...-ceiling-prices-for-chicken-eggs-271648180805
Recent surge in feed costs had affected poultry companies in Malaysia. Even SGX-listed Khong Guan, is subjected to selling-price caps in Malaysia despite higher raw material and freight costs pressures, as well as supply chain challenges due to the tight container freight situation. The ongoing conflict between Russia and Ukraine will further exacerbate the situation as these countries are major exporters of agriculture products such as wheat.
