MGBF RELEASES A REPORT ON THE POULTRY ECOSYSTEM BASED ON BUSINESS DATA
As the global economy continues to deal with unprecedented levels of disruption caused by the pandemic and the conflict between Russia and Ukraine, the convergence of energy security and food security issues has become a front-of-mind issue faced by policy makers and consumers alike. In Malaysia, this has come to the surface with the emergence of several issues with poultry production, primarily chicken supply. The report by Malaysia Global Business Forum (MGBF) titled ‘Malaysia’s Poultry Ecosystem: An Analysis of Business Data’ extrapolated data from a total of 3,724 registered business entities with self-declared business activities in poultry. To gain deeper insights, the report focused on 627 companies. Out of 402 companies that filed financial data in the last 12 months, it was learnt that 55.12 per cent were profitable during this period. The MGBF report also identified 30 companies that filed losses greater than RM1 million. MGBF Founding Chairman, Nordin Abdullah, [...]