Open AccessImpact of Different Importation Policies Scenarios on Beef Industry in Peninsular Malaysia
Author(s) -
Mark Buda,
Zainalabidin Mohamed
Publication year - 2021
Publication title -
agraris
Language(s) - English
Resource type - Journals
eISSN - 2527-9238
pISSN - 2407-814X
DOI - 10.18196/agraris.v7i1.10540
Subject(s) - beef industry , beef cattle , business , production (economics) , agricultural economics , supply and demand , feeder cattle , agricultural science , economics , zoology , environmental science , macroeconomics , biology , microeconomics
The supply side of beef industry has not responded well to the rising demand for beef. This industry is still highly dependent on imported beef and feeder cattle for beef production to meet the local demand. The objective of this study is to analyse the impacts of different importation policy scenarios on beef industry in Peninsular Malaysia. A simulation model that based on estimated market model is used to analyse the policy. The findings imply that the number of import cattle for breeding (ICTB) should be maintained, while import of cattle for slaughter or feeder cattle should be increased by 20%. This will improve beef self-sufficiency level while stabilizing beef retail price.