Malaysian government plan to subsidize poultry farm with worth USD 71.06 million

Malaysian government has approved subsidies worth USD 71.06 million to stabilize poultry prices. Every kilogram of chicken on the farm will receive a 60-cent as government subsidy. When subsidies are given to farmers, they can sell to wholesalers at a lower price of USD 1.32/kg. Meanwhile, wholesalers sell USD 1.80/kg to traders and consumers will receive a ceiling price of USD 2.10/kg.