The articles, the opinions, the stories, the poems and the cartoons Ovi magazine covers for Tuesday February 8th, 2022 – World Opera Day
Malaysia: Who is manipulating the Chicken market? – Is over-regulation promoting the supply shortage?
by Murray Hunter
Malaysia is currently undergoing a shortage of chicken due to local production failing to cope with demand. Malaysia’s antiquated and over-zealous regulatory approach to the economy is damaging the dynamics of the chicken trade. Setting a maximum price of RM 9.30 over the Chinese new year and festive season, while controlling imports through selective Approved Permits (APs), or import licenses are distorting the market to the grave determent of consumers.
Malaysia’s annual consumer of chicken is nearly 50 kilograms per person, the prime source of protein for Malaysians. This equates to 1,62 million tonnes consumption per annum, of which 98.4 percent was supplied by domestic producers in 2019. Excess domestic capacity supplies 37 percent of Singapore consumption needs. There are about 25 major producers in Malaysia which includes companies like Leong Hup Holdings, QSR Brands, FFM, Hy-Fresh, and Sum Soon. There are also a host of small and medium producers within the industry. These companies tend to be active across the supply chain, thus integrating the industry.
Continue reading HERE!
“February” #poem by Bohdan Yuri
“February is a month short-changed,
the spit of winter roams the plains;
snow is shoveled through and through,
still around, a reflection of the moon.”
Continue reading HERE!
Worming #028 #cartoon by Thanos Kalamidas
For more Worming, HERE!
For more Ovi Cartoons, HERE!
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