Malaysia announced details of free floating prices for broiler chickens and eggs at the end of the month

Published 2023년 10월 20일

Tridge summary

The Malaysian government is planning to implement free floating prices for broiler chickens and eggs in order to allow the market to determine prices. They will ensure that prices do not suddenly rise or cause supply shortages. Additionally, India has agreed to continue exporting white rice to Malaysia, and the Malaysian government will determine the retail price based on the price provided by India.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(Kuala Lumpur Comprehensive News) The Malaysian government will announce the implementation date of free floating prices for broiler chickens and eggs on October 30, and ensure that prices will not skyrocket. After attending the launch of the Malaysian Farmers, Breeders and Fishermen's Day on Thursday (October 19), Malaysian Minister of Agriculture and Food Security Mohd Sabu said that the authorities are discussing floating prices for broilers and eggs with relevant industries to ensure prices. Keep it at a reasonable level. He said that the government hopes that the market will determine prices, but it will always monitor the situation to ensure that prices do not rise suddenly and supply shortages occur. "Letting broiler and egg prices float freely is a long-term or short-term measure, depending on the situation. … We cannot guarantee how long it will last because we cannot predict the impact of current global climate change and how the world situation will develop.” Malaysian ...
Source: Zaobao

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.