Malaysia government to halt export of 3.6 million chickens a month

[Jamesc]

Some used car dealers (not that honest jamesc)

also sell their cars at low price.

Then when customer want to buy

they add on Processing fee!

All used car dealers know that trick

I just never do it!

[Voodooman]

17 hours ago, therock said:

And what I expected has come to pass... no reduction in price..

https://www.channelnewsasia.com/asia/malaysia-chicken-export-ban-one-week-prices-yet-fall-markets-2732166

In theory, chicken destined for export market will be dumped into domestic market, causing prices to drop. 

Potentially, it could means farmers have exported pre mature chickens before 1 Jun or the demand supply gap in the domestic market is much bigger than expected. So demand is still greater than supply. Or maybe there really is a chicken cartel? 😂😂😂

[Voodooman]

2 hours ago, Heartlander said:

Actually the article abit misleading. The chickens are still sold at RM8.90/kg as per gov law, but the sellers added RM2 processing fees thus causing the price to go slightly higher to RM10.xx/kg. There is no way the price can be any lower as they cannot sell below RM8.90/kg. So isnt that objective met? If the chickens are being sold at RM15/kg then we can conclude that prices never go down right? Very weird logic. Like that the chickens can never be exported unless the gov reduce the standard price it fixed.

Prices are expected to drop below cost (and below RM8.90/kg) as chicken is perishable goods and 1 more day kept at the farm is 1 more day of feed cost.  It is dumping to cut losses but it didn't happen.

[therock]

10 minutes ago, Voodooman said:

In theory, chicken destined for export market will be dumped into domestic market, causing prices to drop. 

Potentially, it could means farmers have exported pre mature chickens before 1 Jun or the demand supply gap in the domestic market is much bigger than expected. So demand is still greater than supply. Or maybe there really is a chicken cartel? 😂😂😂

So there is a paucity of chickens, and secondly, the cost of raising them is high, so the sellers chickened out from increasing production given the lack of margin...

It's no charity, if the politicians think they can do better, let them sell the chickens themselves...

[Heartlander]

12 minutes ago, Voodooman said:

Prices are expected to drop below cost (and below RM8.90/kg) as chicken is perishable goods and 1 more day kept at the farm is 1 more day of feed cost.  It is dumping to cut losses but it didn't happen.

I do not think anyone should be expecting the farmers to lelong sell chicken due to the adverse supply situation as it is. With the farmers not willing to rear more chicken, how can supply go back to normal thereby keeping the situation stable? Before the latest measure, has the chicken being selling at levels way below RM8.90/kg? If not then the desired outcome does not make sense at all.

[Vratenza]

2 hours ago, Jamesc said:

I will never pretend to understand Bolehland logic.

 

no mystery that 2 coconuts cannot solve 😆

[Voodooman]

1 hour ago, Heartlander said:

I do not think anyone should be expecting the farmers to lelong sell chicken due to the adverse supply situation as it is. With the farmers not willing to rear more chicken, how can supply go back to normal thereby keeping the situation stable? Before the latest measure, has the chicken being selling at levels way below RM8.90/kg? If not then the desired outcome does not make sense at all.

You are talking long term and i am talking short term.

[Jamesc]

I am going to get myself a pair of binos

so that I also can see Bolehland logic!

1 hour ago, Vratenza said:

no mystery that 2 coconuts cannot solve 😆

 

[Jamesc]

I know how to use these things

and he is using them the wrong way around!

No wonder he cannot find the missing plane!

Edited June 8, 2022 by Jamesc

[Jamesc]

Coconuts are all well and good

but if the plane is far away

he should be suing papayas

[Kb27]

went to a local coffee shop, the stall selling chicken rice, not opened, a few times i go there.

I wonder if it's due to MY.

[therock]

2 hours ago, Jamesc said:

I know how to use these things

and he is using them the wrong way around!

No wonder he cannot find the missing plane!

I am very grateful for this man, and I hope he continues to ply his trade to their government..

He will single-handedly keep us afloat and ahead, thank you sir

 

[therock]

We adapt, and now frozen chicken is on our menus..

Good luck to you over there, no one will miss your chickens and you'll regret not selling it to us ..

Will it be enough to open the eyes of the people? That remains to be see, but the chickens did not reach the hungry folks in the kampungs..

https://www.channelnewsasia.com/singapore/week-malaysia-chicken-export-ban-stalls-close-solutions-2734541

 

[therock]

I didn’t write this…. Saw it on the CNA chat:

 

According to reports, export of broilers (chicken reared for meat) to Singapore constitutes only 6% of total broiler production in Malaysia.

However, according to broiler farmers, export to Singapore is critical for the profitability and sustainability of the Malaysian broiler industry as broiler profits are thin (which is the same elsewhere). The high profits earned from sales of broilers to Singapore cover a good part of the borderline margins that Malaysian broiler farmers earn on sales in Malaysia. So ironically, broiler farmers have little choice but to increase price to the Malaysian consumers. Indeed, if poultry meat prices were to fall from their current prices in Malaysia, these broiler farmers will make a loss and may have to close shop altogether, destroying the livelihood of a strategically important industry (Malaysia will then be a significant net importer of poultry meat, but given the lower PPP will not be able to compete internationally with the likes of HK, Japan, Singapore, Taiwan for supply), while making the situation even more dire for Malaysian consumers.

This defeats the initial intent of the Malaysian government to mitigate rising prices of poultry meat, an important protein staple for Malaysian consumers.

[therock]

More chickens in M'sia...

I guess they'll say, they did well, give themselves a pat and try to sell to us again..

https://www.channelnewsasia.com/asia/malaysia-chicken-supply-stabilise-june-2022-onwards-ronald-kiandee-2736841

[therock]

 

[therock]

A telling article... 

https://mothership.sg/2022/06/economist-chicken-shortage-singapore-problem/?fbclid=IwAR3hpEBRnsuuJKa41I8HKsPUclfAF3wpfbMz9rK9gN8AsP8hK_bP96F47qQ

 

Quote

Countries might start looking for chicken elsewhere: Economist

Williams opined that Malaysia's export ban and the resulting chicken shortage it caused in Singapore is a problem for the latter, not Malaysia, reported FMT.

He stated that chicken from Malaysia accounts for a third of Singapore's chicken imports.

Meanwhile, only six per cent of Malaysia's chicken is exported.

In contrast, Ferlito shared that the shortage might lead to poultry farmers in Malaysia losing the Singapore export market for good.

He said that the export ban could force some chicken producers to close their business as well, impacting the local chicken supply.

"While Malaysia plays a suicidal game, we can’t expect the rest of the world to sit down and wait for us. It is expected for them to look for chicken elsewhere," he added.

To make up for the poultry shortfall here, Singapore plans to import chilled chicken from Australia and Thailand, as well as frozen chicken from sources such as Brazil and the United States.

 

Edited June 9, 2022 by therock

[Fcw75]

Thailand also import fresh chicken from Malaysia I read?