Distributive policy

Malaysia extends chicken price cap policy until end of June

CNA – The respective price caps for chicken and chicken eggs sold in Malaysia have been extended until the end of June, Alexander Nanta Linggi, Malaysia’s Minister of Domestic Trade and Consumer Affairs, said in a press release.

The ceiling price for standard chickens (processed and sold with head, feet and organs) has been set at MYR 8.90 (USD 2.02) per kg for four months, from February 5 to June 5. It will now run until June 30.

Similarly, whole “super” chickens, which have been processed, weighed and sold without their heads, feet or organs, have a maximum price of MYR 9.90 per kg.

“The extension aims to ensure that Malaysians are ready for the price changes when the fixed price ends on June 30,” Nanta Linggi said.

The price cap for eggs, graded A, B and C, which have been set at RM0.43, RM0.41 and RM0.39 per egg respectively, will also be extended until June 30.

Chicken for sale at a wet market in the Klang Valley. Photo: ANC

“For Langkawi, Sabah, Sarawak and Labuan (a federal territory off Sabah), the maximum price for chickens and eggs differs by area and district,” Nanta Linggi said.

Prime Minister Ismail Sabri Yaakob announced on Wednesday that the government would stop giving subsidies to chicken farmers from July.

Instead, grants will be channeled directly to people, especially low-income groups.

Nanta Linggi said the Ministry of Finance would review proposals for aid distribution to target low-income groups, including the rate and aid distribution mechanism to manage rising prices of goods when the price cap expires.

He also said his ministry’s officers would be stepping up their enforcement across the country on a daily basis to ensure that the supply was stable and no hoarding was taking place in the markets.

“The trading community is reminded to always be ethical in their business and not to hoard for profit.”

“The government is also calling on all consumers to use their purchasing power with caution and buy according to their needs,” Nanta Linggi added.

Enforcement of the price cap mechanism, he said, would only be effective if all parties played their respective roles, including forwarding complaints and information to the ministry in case of breach of law.

On Wednesday, Malaysia’s ban on chicken exports officially began.

In a statement from the Ministry of Agriculture and Food Industries (MAFI), it was announced that the Malaysian Department of Quarantine and Inspection Services (MAQIS) would enforce the ban.