May 30, 2024

CJ Feed temporaily suspends operations in Myanmar

CJ Feed Myanmar, a major player in Myanmar's animal feed and broiler chicken production, has announced a temporary suspension of its operations citing current economic challenges.

The company highlighted several factors impacting its business, including difficulties in sales and trading activities, increased costs of raw materials, challenges in obtaining raw materials and insufficient workforce for production.

Due to these "unavoidable circumstances," CJ Feed Myanmar was to halt the production and sales of animal feed and broiler chickens starting on May 28.

To ensure a smooth transition, the company has requested its sales representatives and customers to settle any outstanding payments by June 28.

CJ Feed Myanmar operates a factory in Yangon's Myaungdaga Industrial Zone. It produces and distributes feed for various livestock, including chicken, pig, duck and fish. The company's broiler chickens were sold across several regions in Myanmar, including Mandalay, Bago, Yangon and Ayeyawady.

The suspension came after over seven years of operation, following CJ Feed Myanmar's market entry in 2017 with an investment exceeding US$21 million.

- Eleven Media Group