Citation
Bathmanathan, Mohesh and Wong, Kelly Kai Seng
(2024)
Analyzing the impact of global and local factors on broiler production in Malaysia: a time series approach.
Malaysian Journal of Agricultural Economics, 31 (1).
pp. 1-9.
ISSN 2756-8288
Abstract
The rising cost of food in Malaysia, particularly chicken meat, presents a significant challenge to maintaining public satisfaction and food security. The recent global events like the Russia-Ukraine conflict underscore the critical impact of feed prices on broiler production costs in Malaysia and affected to the broiler industry facing shortage in 2022. This study aims to analyze the factors affecting Malaysia's broiler production, focusing on the influence of broiler population, global corn prices, global soybean prices, and broiler meat retail prices. Using multiple linear regression analysis on secondary time series data from 2000 to 2021, the study finds that broiler retail prices and population significantly positively affect production, while global corn and soybean prices negatively affect, although not significantly. The results highlight the need for strategic measures to enhance the broiler industry's profitability, ensuring stable supply and protecting small-scale farmers from market and external crises. This research offers valuable insights for policymakers to develop effective interventions in the broiler market.
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