M’sia Govt doing the right thing on chicken shortage but might lose S’pore export market for good — Economists - The Independent Singapore News

  • 📰 IndependentSG
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

“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 said when asked about the news that Singapore plans to import 10 times more chilled chic...

that six per cent of Malaysian poultry is exported, while Malaysian chicken meets 33 per cent of Singapore’s demand for consumption. “Great news! The chicken crisis will be over in weeks, but we do need long-term reforms,” wrote Prof Williams on hisHe explained that the government is doing the right thing by first capping prices and then improving domestic supply by encouraging imports and discouraging exports.

“After that, long-term market reform and liberalisation are the answer to food insecurity issues,” he noted. “Engaging with industry stakeholders to find and remove pain points and uncovering, removing and penalising anti-competitive behaviour through The Malaysia Competition Commission is essential,”Prof Williams also said that removing unnecessary licensing and ownership restrictions, for example, in haulage, and opening up concessions that are now restricted to specific special interest groups are all reforms that will improve competition.

Malaysian prime minister Ismail Sabri Yaakob announced that beginning June 1, about 3.6 million chickens a month would not be exported to help stabilise local supply. /TISG

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The chicken shortage is not an existential thing. Yet they can't share the small burden. I remember about a year or so ago, there was a long dry spell and shortage of water in M'sia. We diverted some water to them. They forget easily.

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:

 /  🏆 2. in CA

Canada Canada Latest News, Canada Canada Headlines