Analyzing the Impact of Global and Local Factors on Broiler Production in Malaysia: A Time Series Approach
DOI:
https://doi.org/10.36877/mjae.a0000539Abstract
The rising cost of food in Malaysia, particularly broiler meat, presents a significant challenge to maintaining public satisfaction and food security. Recent global events, such as the Russia-Ukraine crisis, highlight the important impact of feed prices on broiler production costs in Malaysia and have damaged the broiler business, which faced a 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 found that broiler retail prices and population significantly affected production, while global corn and soybean prices were negatively affected, although it is not statistically significant. 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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