May 4, 2022

Swine farmers in Malaysia increase pork prices due to rising input costs

The Federation of Livestock Farmers' Associations of Malaysia said consumers should expect to pay more for pork as farmers have increased livestock pork prices by MYR 100 (~US$22.97; MYR 1 = US$0.23) per 100kg due to rising input costs, Free Malaysia Today reported.

Tan Chee Hee, president of the Federation of Livestock Farmers' Associations of Malaysia, said this was all-time highest price increase because on soaring livestock feed prices.

He said total costs have increased between 50% to 60% because of higher raw material prices and increased operating costs, and farms will close down if prices do not increase.

Tan said retail and wholesale pork prices are expected to increase, but he is not certain as sellers have different selling prices.

He said prices for pork are based on supply and demand, with input costs affecting a farmer's profit margin. Increased input costs will result in farmers suffering losses.

He also said demand for pork is low.

-      Free Malaysia Today