July 6, 2022

 

Pork prices in Malaysia expected to rise further

 
 

The price of pork in Malaysia has increased for the seventh time in 2022 and has reached MYR 1,300 (~US$293.85; MYR 1 = US$0.23) per 100kg, a MYR 60 (~US$13.56) increase from MYR 1,240 (~US$280.29) per 100 kg on May 16, Kwong Wah Yit Poh reported.

 

The price increase was confirmed by the Penang Pig Slaughtering Association, based in the northern Malaysian state of Penang. The new price took effect from July 4.

 

The chairman of a butcher association said that monthly talks to limit the price of pork with pig farmers had failed.

 

According to the association, some pork vendors' sales decreased by up to 70% as a result of the price hikes.

 

-      Kwong Wah Yit Poh

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