The price of broiler chickens in Malaysia has dropped by 40 – 55 sen per kg nationwide, reports the Malaysia Star.
The Federation of Livestock Farmers’ Associations of Malaysia said that the farm price of live chicken dropped from RM3.70 to RM3.30 per kg, the wholesale price from RM4.40 to RM4 per kg and retail price from RM5.10 to 4.70 per kg.
The wholesale price of dressed chicken dropped from RM5.20 to RM4.70 per kg while the retail price of dressed chicken with shank, head, liver and gizzard dropped from RM6 to RM5.55 per kg.
The retail price of dressed chicken without shank, head, liver and gizzard dropped from RM7.40 to RM6.90 per kg.
This price drop in chicken is the result of the current financial and economic setback facing the nation, according to the Association’s Chairman Kwei Yew Tong. “It is inevitable that the farm price has to drop in tandem with the drop in demand,” he added.
(1 Malaysia ringgit = €0.20, or US$0.28)