: MIDF Research anticipates that the market price of chicken will not increase substantially after the removal of subsidies and price controls, considering that chicken is a staple protein for Malaysians.
MIDF Research noted that the removal of price controls and subsidies for chicken, effective from Nov 1, 2023, would be a positive development for chicken producers, giving them the flexibility to adjust prices based on market supply and demand dynamics as well as the ability to pass on increased production costs to consumers.
“Additionally, we are optimistic that chicken producers will benefit from the normalisation of commodity prices such as corn, soybean meal, crude palm oil, and wheat,” it added.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: