Silhouettes of a worker catching chickens at a poultry farm in Sepang, Selangor, May 27, 2022. REUTERS/Hasnoor HussainRegister now for FREE unlimited access to Reuters.comKUALA LUMPUR, Aug 1 (Reuters) - Malaysia on Monday said it now has a slight oversupply of chicken, following its imposition of a ban on exports of the poultry to secure domestic supplies and rein in rising food prices.Malaysia, which supplies live chickens mainly to neighbouring Singapore and Thailand, in June halted chicken exports until production and prices stabilise, after a global feed shortage exacerbated by the Russia-Ukraine war disrupted production.Agriculture and Food Industries Minister Ronald Kiandee said the government is monitoring local chicken supply and will resume exports if it has the extra capacity to do so."At this point, we are able to produce 106% of our self-sufficiency level. That means we have the capacity to export chicken from our country," Ronald said in parliament."We currently have a slight oversupply of chicken, which has caused the prices of chicken in the market to be lower than that of the ceiling price set by the government," he added.Register now for FREE unlimited access to Reuters.comReporting by Mei Mei Chu; Editing by Martin PettyOur Standards: The Thomson Reuters Trust Principles.
Malaysia says chicken stocks in oversupply after export ban.