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Malaysia's prime minister announced a halt to chicken exports of about 3.6 million birds a month starting June 1, until domestic prices and production stabilise. Singapore, which sources about a third of its poultry from Malaysia, faces shortages and expected price jumps.
Shelves have been cleared as consumers stock up.
Removing about 3.6 million birds a month from regional export flows tightens supply in Singapore and pushes up regional chicken prices. Other exporters may gain demand, while feed demand in Malaysia could ease if farm output drops.
gulfnews.comAPMay 31, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
