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Pig Prices Go Up in Malaysia

by 5m Editor
9 April 2010, at 5:48am

MALAYSIA - The price of pigs from farms will be increased by 30 sen to RM7.90 for every 100gm from tomorrow.

Federation of Livestock Farmers Association chairman (swine unit) Jeffery Beh said it was the first time that the price of the animal had reached so high.

Mr Beh, who blamed the increase on higher price of pig feed worldwide caused by natural disasters, said the price of corn was RM400 per tonne four years ago but had now risen to between RM860 and RM870.

He hoped that the new price would be maintained until year-end, according to The Star.

Speaking to reporters after a meeting by the federation here on Wednesday, Mr Beh said all members agreed on the price increase.

“The increase is also due to the demand for pigs now which is higher than supply,” he added.

On concerns that the federation may face backlash from consumer groups after the increase, Mr Beh said they were prepared for it.

“We know there may be some who will take the opportunity to raise prices. We have no choice but to increase the ex-farm price of the animal,” he said, adding that the price is still considered low compared with neighbouring countries.