Content ID

331723

CORRECTED (OFFICIAL)-Malaysia to end subsidies for chicken farmers on Aug. 31 - minister

(Corrects headline and story after ministry clarified that Malaysia plans to end subsidies by Aug. 31, not end a ban on exports)

KUALA LUMPUR, Aug 4 (Reuters) - Malaysia plans to end subsidies for chicken and egg farmers on Aug. 31, though it will retain an export ban on poultry until supplies stabilise, Agriculture and Food Industries Minister Ronald Kiandee told parliament on Thursday.

Malaysia, which supplies live chickens mainly to neighbouring Singapore and Thailand, in June halted exports until production and prices stabilise, after a global feed shortage exacerbated by the Russia-Ukraine war disrupted production.

Malaysia now has a slight oversupply of chicken following the export ban, Ronald had said on Monday. (Reporting by Rozanna Latiff; Editing by Kanupriya Kapoor)

© Copyright Thomson Reuters 2022. Click For Restrictions - http://about.reuters.com/fulllegal.asp

Read more about
Loading...

Talk in Marketing