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SINGAPORE – Fresh chicken prices in Singapore are expected to rise next week as suppliers deal with the rising costs of procuring from poultry farms in Malaysia.
Speaking to The Straits Times on Thursday (May 21), chairman of the Poultry Merchants’ Association Ong Kian San said the cost of chicken from across the causeway has increased by about 45 per cent in the last two weeks.
Mr Ong said: “Most suppliers have been absorbing the cost and keeping prices stable for now but will most likely have to increase prices next week. We can’t hold the price for so long without losses.”
He expects that prices of fresh chicken sold to supermarkets and wet markets will increase by about 10 per cent to 15 per cent next week.
“Unfortunately, customers will have to bear with an increase in price. The whole supply chain has been affected by Covid-19, so cost will inevitably rise,” said Mr Ong.
Asked about the chicken cost increase in Malaysia, Mr Ong said that when Malaysia first implemented its movement control order in March, demand for chicken drastically dropped and farmers stopped rearing them.
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