Egg suppliers sell assets to stay afloat

Khoo Gek San

Malaysians consume 27 million to 28 million eggs a day, with grades A, B and C accounting for 90% of their consumption, while Omega eggs only accounts for 10%, says Federation of Livestock Farmers Associations of Malaysia deputy president Lee Yoon Yeau . – The Malaysian Insight file pic, September 8, 2022.

EGG producers have had to mortgage their assets to maintain their operations and pay off debts, farmers said.

They said this was because while production costs continue to rise, the ceiling price set by the government is too low for producers to turn a profit.

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