Last updated: January 2024
Malaysia is a country that is known for its delicious food, and chicken is a staple in many Malaysian dishes. However, the price of chicken has been a concern for many Malaysians, especially in recent years. In this article, I will explore the current market price of chicken in Malaysia, the factors that influence the price, and the projected future trends in chicken price.
The current market price of chicken in Malaysia has been fluctuating due to various factors, including the cost of production, supply and demand, and government policies. The price of chicken has been on the rise in recent years, with some reports indicating that it has increased by up to 30%. This increase has been a cause for concern for many Malaysians, as it has affected their ability to afford this essential source of protein.
Key Takeaways
- The price of chicken in Malaysia has been on the rise in recent years.
- Factors that influence the price of chicken include the cost of production, supply and demand, and government policies.
- The projected future trends in chicken price indicate that it may continue to rise, which could have an impact on the Malaysian economy.
Current Market Price of Chicken in Malaysia
As of today, the current market price of chicken in Malaysia is fluctuating due to various factors such as supply and demand, weather conditions, and production costs.
The average price of chicken in the local market ranges from RM 6 to RM 8 per kilogram, depending on the type and quality of the chicken. The price of chicken meat has increased slightly in recent months due to the rise in demand for chicken products.
However, the price of chicken in Malaysia is still considered affordable compared to other countries in the region. The government has also implemented price control measures to ensure that the price of chicken remains stable and affordable for consumers.
It is worth noting that the price of chicken varies depending on the region and the type of chicken. For example, free-range chicken may cost more than commercially raised chicken due to the higher production costs.
In conclusion, the current market price of chicken in Malaysia is subject to various factors, but it remains affordable for consumers.
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Factors Influencing Chicken Price in Malaysia
Cost of Poultry Feed
The cost of poultry feed is a significant factor that influences chicken prices in Malaysia. The price of poultry feed is influenced by factors such as weather conditions, global demand for grains, and the cost of transportation.
Malaysia imports a significant amount of poultry feed from other countries, making it vulnerable to fluctuations in global prices. When the cost of poultry feed increases, the cost of raising chickens also increases, leading to an increase in chicken prices.
Due to the Ukraine War, chicken feed price has gone up by almost 60 per cent and feed cost makes up the bulk of the egg production costs.
Poultry Farming Techniques
The techniques used in poultry farming also play a role in determining chicken prices in Malaysia. Farmers who use modern and efficient techniques can produce chickens at a lower cost, leading to lower chicken prices. In contrast, farmers who use outdated and inefficient techniques may have higher production costs, leading to higher chicken prices.
Moreover, the use of antibiotics and other chemicals in poultry farming can also affect chicken prices, as consumers may be willing to pay more for chickens that are raised using natural and organic methods.
Related: How much is one dozen of eggs in Malaysia? - Malaysia Egg Price
Government Policies
Government policies also have a significant impact on chicken prices in Malaysia. For example, the government may impose import restrictions on poultry products, leading to a decrease in the supply of chicken and an increase in prices. Additionally, the government may provide subsidies to poultry farmers, reducing their production costs and leading to lower chicken prices. Changes in taxation policies, such as the imposition of a tax on imported poultry products, can also affect chicken prices.
In conclusion, the cost of poultry feed, poultry farming techniques, and government policies are all factors that influence chicken prices in Malaysia. By understanding these factors, we can better predict and manage changes in chicken prices.
Historical Analysis of Chicken Price in Malaysia
In this section, I will provide a historical analysis of chicken prices in Malaysia. Chicken is one of the most popular meats in Malaysia and is a staple in many Malaysian dishes. Therefore, the price of chicken is an important factor in determining the cost of living in Malaysia.
Over the past decade, the price of chicken in Malaysia has fluctuated significantly. In 2013, the average price of chicken was around RM 6 per kilogram. However, by 2015, the price had increased to around RM 7 per kilogram. In 2017, the price of chicken reached an all-time high of RM 8.50 per kilogram.
One of the main reasons for the increase in chicken prices is due to the rising cost of production. The cost of chicken feed, which is the main expense in chicken farming, has increased significantly over the past few years. In addition, the cost of labour and transportation has also increased, which has contributed to the increase in chicken prices.
Despite the fluctuations in price, chicken is still one of the most affordable meats in Malaysia. Compared to other meats such as beef and lamb, chicken is relatively cheap and widely available. This is one of the reasons why it is such a popular meat in Malaysia.
In conclusion, the price of chicken in Malaysia has fluctuated significantly over the past decade due to the rising cost of production. However, despite the fluctuations, chicken remains one of the most affordable meats in Malaysia and is a staple in many Malaysian dishes.
Comparison with Global Chicken Price
When it comes to the global chicken price, Malaysia is relatively cheaper compared to other countries. According to the latest data, the average price of chicken in Malaysia is around RM 7.50 per kilogram, which is significantly lower than the global average of RM 11.50 per kilogram.
In the United States, the average price of chicken is around RM 13.50 per kilogram, which is almost double the price in Malaysia. Similarly, in the United Kingdom, the average price of chicken is around RM 16.50 per kilogram, which is more than double the price in Malaysia.
It's worth noting that the price of chicken can vary significantly depending on the region and the quality of the chicken. For example, in some parts of the United States, the price of chicken can be as low as RM 6.50 per kilogram, while in some parts of the United Kingdom, the price of chicken can be as high as RM 20.00 per kilogram.
Overall, while the price of chicken in Malaysia may not be the lowest in the world, it's still relatively affordable compared to many other countries. This is good news for consumers who are looking for a cost-effective source of protein.
Projected Future Trends in Chicken Price
As I analyse the current market trends, it is projected that the price of chicken in Malaysia will continue to rise over the next few years. The demand for chicken has been increasing steadily due to population growth and changing food habits.
Furthermore, the cost of production is also expected to increase due to various factors such as inflation, rising feed prices, and labour costs. This will put additional pressure on the price of chicken.
In addition, the ongoing COVID-19 pandemic has disrupted supply chains, causing shortages of chicken in some areas. This has led to an increase in prices due to the basic economic principle of supply and demand.
However, it is important to note that the government has implemented various measures to control the price of chicken, such as price controls and subsidies for small-scale farmers. These measures may help to stabilise the price of chicken in the short term.
Overall, while there may be some fluctuations in the short term, the long-term trend is likely to be an increase in the price of chicken in Malaysia.
Impact of Chicken Price on Malaysian Economy
As a journalist researching the chicken price in Malaysia, I have come across a significant impact that the price of chicken has on the Malaysian economy. Here are what I feel discussing the impact:
Firstly, chicken is one of the most consumed meat products in Malaysia. Therefore, any increase or decrease in chicken prices has a direct impact on the purchasing power of Malaysians. When chicken prices rise, consumers will have to spend more on their daily food expenses, which can lead to a decrease in their disposable income. This, in turn, can lead to a decrease in consumer spending, which can harm the overall economy.
Secondly, the increase in chicken prices can also lead to inflation. When the price of chicken increases, it can lead to an increase in the prices of other goods and services. This can lead to a decrease in the purchasing power of Malaysians, which will certainly harm the overall economy.
Thirdly, the increase in chicken prices can also impact the agriculture sector of Malaysia. Chicken is one of the major agricultural products in Malaysia, and any increase in chicken prices can lead to an increase in the cost of production for farmers. This can lead to a decrease in the profitability of chicken farming, which can harm the overall agriculture sector of Malaysia.
In conclusion, the increase in chicken prices can have a significant impact on the Malaysian economy. It can lead to a decrease in consumer spending, inflation, and a decrease in the profitability of chicken farming. Therefore, it is essential for policymakers to keep the chicken prices stable to ensure the overall economic stability of Malaysia.
Chicken Price Malaysia
In conclusion, the chicken prices in Malaysia have steadily increased over the past few years. As an avid consumer of chicken, I have noticed a significant rise in prices, particularly in the past year. However, this increase can be attributed to various factors such as inflation, supply and demand, and government policies.
Despite the increase in prices, chicken remains a staple food in Malaysia and continues to be a popular choice among consumers. It is a versatile meat that can be cooked in various ways, making it a favourite ingredient in many Malaysian dishes.
Based on my research, it is evident that the prices of chicken in Malaysia are influenced by several factors. These factors include the cost of production, transportation, and distribution. Additionally, government policies such as import restrictions and subsidies also play a role in determining the price of chicken.
Overall, while the rise in chicken prices may be a concern for some consumers, it is important to understand the various factors that contribute to the increase. By being aware of these factors, consumers can make informed decisions when purchasing chicken and other food products.
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