Posted by calvintaneng > 2022-06-06 09:42 | Report Abuse

Very simple answer just by looking at Corn (maize) price chart

Corn has gone up from Usd300 to Usd736 (Up a whopping 145%

70% of Chicken production cost comes from Corn meal

So by now chicken prices up 30% to 50% is really nothing to shout

By same yardstick in tandem to Corn price rise of 145% Chicken prices should have doubled

This is the only logical explanation.

Posted by calvintaneng > 2022-06-06 09:43 | Report Abuse

https://tradingeconomics.com/commodity/corn

Very simple answer just by looking at Corn (maize) price chart

Corn has gone up from Usd300 to Usd736 (Up a whopping 145%

70% of Chicken production cost comes from Corn meal

So by now chicken prices up 30% to 50% is really nothing to shout

By same yardstick in tandem to Corn price rise of 145% Chicken prices should have doubled

This is the only logical explanation.

Posted by calvintaneng > 2022-06-06 09:44 | Report Abuse

https://tradingeconomics.com/commodity/corn

Posted by stockraider > 2022-06-06 10:32 | Report Abuse

Potential New income stream for palmoil waste cake loh!
At the moment use to feed cows.....but can substitute corn loh!

This means additional income avenue from palmoil due to chicken debacle loh!

Posted by gohkimhock > 2022-06-06 11:02 | Report Abuse

it is irresponsible to put the ceiling price below the market price.

Posted by Tobby > 2022-06-07 03:31 | Report Abuse

Chicken that poultry used are not local breed! They are imported breed! And imported breed needs imported feed! Yeah, surprise! This chicken only eat corn that are imported! You can feed them with local corn, but the result will be disappointing!
Welcome to globalization! Once the chain are broken, things shot up! Hyperinflation and scarcity arise!
Yeah, we hear about producing our own food security! So that we don't have to import chicken feed, rice, and so forth! Hello, we don't have to import cooking oil since we have more than enough crude palm! The thing is, price of crude oil nowadays are super high!
As for rice, do you know we can only produce half what we demanded! Yeah, we import another half from Vietnam, Thailand and so forth!
Even if we try to produce everything for the sake of our food security, we end up back to ancient times as our national revenue will drop drastically and finally we join Sri Lanka as bankrupt nation!

Posted by Tobby > 2022-06-07 03:34 | Report Abuse

And then, there's the issue of middlemen! The cartels have been cornered our food supply forever! PM Sabri remove the AP but you know i know the cartels will have their way to totally corner it again in no time!

Posted by Tobby > 2022-06-07 03:36 | Report Abuse

As for the dumbass who suggest using palmoil cake oil, dude, you can't replace this imported chicken breed feed! Poultry farmers would have done so decades ago! They can't! This imported chicken breed only eat imported corn!

Posted by Tobby > 2022-06-07 03:37 | Report Abuse

If you want cheap chicken, then buy those 'kampong' ones! They are not as tasty! Not tender at all! And they have certain smell that turn you off!

Posted by Sami_Value > 2022-06-07 06:52 | Report Abuse

The root cause of the problem is the chicken feed. Address the chicken feed issue by allowing/encouraging farmers to grow maize locally. There is no cornering by the alleged cartel, if you are at their position, you also don't want to do losing business continuously.

Posted by Sami_Value > 2022-06-07 06:56 | Report Abuse

The hard facts, not only farming sector is facing the problem. You have any friends in the construction industry, you ask them how many contractors have pulled hand brake & not willing to honor the contracts. They rather let their performance bonds burned instead of continuing. They let the bond burned, they only lose the most 6 digits, they continue the contract, they will lose up to 7 digits ( not including the time wastage doing losing contract).

Posted by Sami_Value > 2022-06-07 07:02 | Report Abuse

If we want more affordable chicken, the solution is already shown to us - just look at how supply glut on the gloves post Covid-19. During Covid-19, everyone want a slice of the cake, everyone rush to join the party because it is just too profitable. Just don't control the price, let it float. Let the poultry industry follow the glove cycle of boom & bust. Within the 6-9 months of short term suffering, the market will find the balance level. Consumer can swap to other alternative protein source the moment the poultry price become unreasonable.