BUSINESS – Chicken and egg situation

The Burmese poultry industry is seeing an oversupply of products due to new imports of hatchlings and eggs from India and China, according to media reports. This has caused prices to drop to around half, meaning traders would have to sell twice the amount as before to take home the same amount of money. Chicken previously fetched 5,000 kyat (US$5) per viss (1.63kg), but decreased to around 2,500 kyat per viss at the end of December.