Government to review chicken ceiling price in Malaysia

Published 2023년 1월 13일

Tridge summary

The Domestic Trade and Cost of Living Minister, Datuk Seri Salahuddin Ayub, announced that the ceiling price of RM9.40 per kg for standard chicken will be reviewed due to the recovery of chicken supply in the market. He will soon meet with industry players to determine the new ceiling price. The minister also mentioned that negotiations will be held with the main players in the industry to address the issue of chicken supply in the market. Additionally, he urged retailers, especially those in rural areas, to register with the Cooking Oil Price Stabilisation Scheme to obtain subsidised cooking oil supplies directly from suppliers.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

ALOR SETAR (Jan 13): The ceiling price of RM9.40 per kg for standard chicken in the market will be reviewed to ensure that the people get the protein source at a more stable price. Domestic Trade and Cost of Living Minister Datuk Seri Salahuddin Ayub said that due to the recovery of chicken supply in the market, he will hold discussions with industry players to determine the new ceiling price soon. "The ceiling price so far has remained at RM9.40 per kg, but I see all over the country today that companies are selling below the ceiling price. Some are selling at RM7.90 per kg, and some are selling at RM8.90 per kg. "I am very grateful to them for giving the people a lot of room to get cheaper chicken," he said after visiting a chicken sales centre here on Friday (Jan 13). Asked whether the new ceiling price will be cheaper than the current ceiling price or vice versa, Salahuddin said the matter will be determined later, and hopes that negotiations can be done with industry players. ...

Source: Theedgemarkets