KUALA LUMPUR: The weak ringgit is eating into profits at Lay Hong Bhd , but the poultry producer expects higher egg prices in the coming months to lift its performance. The group, however, expects egg prices to rise in the coming quarters on lower supply. Lay Hong said the industry has decided to reduce production in order to “regularise” the over supply situation experienced in the recent quarter. “For the liquid egg business, the commissioning of the equipment in the new plant in Johor is progressing as per schedule,” it said. Meanwhile, the group expects a boost from a newly opened joint venture manufacturing facility with NH Foods Ltd.

Source: thestar November 26, 2018 13:10 UTC