News last update:6 Aug 2012

Malaysia eyes to keep feed prices down

The government of Malaysia is studying ways to reduce the escalating price of animal feed.

Increasing prices for raw materials might hamper the government's plans to be self-sufficient in food production within the next five years.

Deputy Agriculture and Agro-based Industry Minister Datuk Seri Mohamad Shariff Omar said livestock farmers and breeders had complained that they might have to leave the industry if nothing was done to solve the problem. "We will meet feed producers to discuss the problem. Giving subsidies is also in our plans," he said recently at the opening of a new goat farm.

Mohamad Shariff said the price of a 50kg bag of high quality palm kernel cake was now RM54 (€ 11.28) compared to RM40 (€ 8.35) six months ago and was expected to increase to RM60 (€ 12.53) soon.

As an example, local supply of beef can only meet 22% of demand and thus 23,000 tonnes of beef need to be imported. This is strongly in contrast with the government's aim to increase local supply to 28% bij 2010.

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