October 13, 2022

 

Malaysia maintains fixed maximum price for chicken and eggs

 

The Malaysian government will maintain a maximum fixed price for chicken and eggs in the country, Bernama reported.

 

Azman Mohd Yusof, secretary-general of the Domestic Trade and Consumer Affairs Ministry (KPDNHEP), announced a new subsidy rate for farm operators for chicken eggs at MYR 0.08 each (~US$0.017; MYR 1 = US$0.21)

 

He said this is because the cost of production has increased, necessitating a recalculation of the price of chicken eggs at the farm and wholesale levels in order to maintain the price.

 

He also said the maximum price of chicken at all levels, namely, farm, wholesale, and retail, remains.

 

The maximum retail price for whole standard chicken in Peninsular Malaysia is set at MYR 9.40 (~US$2) per kg, and the maximum retail price for super chicken is set at RM10.40 (~US$2.22) per kg.

 

For Grade A chicken eggs, the maximum retail price has been set at MYR 0.45 (~US$0.096), while Grade B and Grade C eggs are priced at MYR 0.43 (~US$0.092)  and MYR 0.41 (~US$0.087) respectively in Peninsular Malaysia. The maximum prices for chicken and eggs vary depending on the zones and districts in Langkawi, Sabah, Sarawak, and Labuan.

 

Azman added that KPDNHEP and the agriculture and food industries ministry were working together to monitor the situation to ensure that the nation had a sufficient supply of necessities and that prices remained stable.

 

He said that 2,249 enforcement officers had been sent out to the nation's wet markets, farmer's markets, and supermarkets to conduct daily inspections.

 

Azman said this is to make sure that the traders abide by the applicable laws and don't take advantage by charging more for necessities like chicken and eggs than what the government has set as the price.

 

He also said according to the maximum chicken and egg price determination regulation, stern action will be taken against errant traders.

 

-      Bernama