Malaysia will stop exporting chicken from June 1 local time. This measure aims to increase domestic food supply, but this has caused anxiety in neighboring Singapore.
It is reported that Malaysian Prime Minister Ismail announced last week that he would stop chicken export from June 1 until domestic prices and production stabilized. Previously, the country exported 3.6 million whole chickens a month. This decision has the greatest impact on Singapore, as one third of the country's poultry imports come from Malaysia.
It is reported that Singapore mainly imports live chickens, which are slaughtered and frozen after import. Before the ban, Singaporean consumers hoarded fresh chicken. Local media reported that some fresh markets and supermarkets had sold out of chicken.
According to the prediction of retailers, the price of chilled chicken may rise by 30%. The Singapore government has called on consumers to choose frozen chicken and other alternative meat products, and is developing a new fresh chicken market.
It is reported that at present, countries around the world are coping with rising food prices, and the conflict between Russia and Ukraine has exacerbated the crisis to a certain extent.
The report pointed out that Malaysia's export ban not only caused panic in Singapore, but also troubled small farmers who export to Singapore. The government did not say how long the export ban would last, but officials expect supply and prices to stabilize within a month.