Malaysian poultry stocks may gain from lower feed prices

25.09.2017

According to Inter-Pacific Research Sdn Bhd analyst, David Lai, cheaper corn and soybean due to a bumper harvest in the United States, coupled with the slight appreciation of the Malaysian Ringgit against the USD, will result in cost-saving for local poultry producers.

Corn and soybean are the two major components in chicken feed. Feed cost accounts for more than 50% of a poultry producer's revenue, as corn and soybean are imported, while vitamins and supplements are locally-sourced.


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