CJ Feed Myanmar has announced a temporary suspension of its operations citing current economic challenges, local news reported.

The company highlighted several factors impacting their business, including difficulties in sales and trading activities, increased costs of raw materials, challenges in obtaining raw materials and insufficient workforce for production.

Due to these "unavoidable circumstances," CJ Feed Myanmar will halt the production and sales of animal feed and broiler chickens starting May 28.

CJ Feed Myanmar operates a factory in Yangon's Myaungdaga Industrial Zone. They produce and distribute feed for various livestock, including chicken, pig, duck, and fish. Their broiler chickens were sold across several regions in Myanmar, including Mandalay, Bago, Yangon, and Ayeyawady.

This suspension comes after over seven years of operation, following their market entry in 2017 with an investment exceeding USD 21 million.