Malaysia cancels price ceiling, chicken prices do not rise significantly

(Putrajaya Comprehensive News) After Malaysia lifted the ceiling price for chicken, there has been no significant increase in the price of broiler chickens. In markets around Kuala Lumpur, the selling price of chicken is roughly the same as the previous ceiling price, that is, 9.4 ringgit per kilogram (about 2.7 SGD). The Malaysian government officially canceled the chicken price ceiling that has been in place for many years on Wednesday (November 1), and conditionally allowed chicken prices to float freely according to market supply and demand. The Ministry of Domestic Trade and Cost of Living (referred to as the Ministry of Domestic Trade), which is responsible for supervising prices, inspected the peninsula on the same day I found in various markets that the retail price of chicken ranged from RM6.49 to RM11 per kilogram. Acting Minister of Domestic Trade Amid Zam told the media on Wednesday that the authorities found that broiler chickens were sold at the highest prices at ...