‘Eggcitement’ returning

TheStar Mon, Apr 12, 2021 08:20am - 3 years View Original


But after a year of logistical and operational wrangling, analysts see firmer ASPs in 2021 with Covid-19 vaccinations spurring economic activity and see a return in consumer confidence and spending.

PETALING JAYA: As eateries re-open for business with the easing of movement restrictions, the poultry industry should see a better year from improved demand for eggs and broilers or chickens raised for meat.

In 2020, growth of the sector was impacted due to Covid-19, which disrupted the distribution network owing to widespread closures of the hotel, restaurant and catering (Horeca) channel, reduction in tourism and travel alongside absence of corporate events and large-sized gatherings.

This had triggered a drop in the average selling price (ASP) of broiler day old chicks by about 8% year-on-year (y-o-y), while ASP of egg declined around 18% y-o-y, said TA Securities Research.

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