Malaysia: Government considering terminating egg subsidy

Published 2024년 10월 9일

Tridge summary

The Ministry of Agriculture and Food Security in Malaysia is reviewing the subsidy for chicken eggs (grades A, B and C) with the possibility of ending it to save RM100 million a month. This proposal, submitted to the Ministry of Finance and the Ministry of Domestic Trade and Cost of Living, aims to allocate the saved funds towards the development of other crucial areas in the agro-food sector. Since February 2022, over RM3 billion has been spent on subsidies for chicken and chicken eggs. The ministry is hopeful that this move will have a positive impact, similar to the stabilization of chicken prices seen after the chicken subsidy was terminated last year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

PUTRAJAYA (Oct 9): The Ministry of Agriculture and Food Security is reviewing the subsidy for chicken eggs (grades A, B and C). Minister Datuk Seri Mohamad Sabu, who is known at Mat Sabu, said the government is considering ending the egg subsidy to save RM100 million a month, which could be redirected to develop other critical aspects of the agro-food sector. "A proposal has been submitted to the Ministry of Finance and the Ministry of Domestic Trade and Cost of Living," he told the media after the monthly assembly of his ministry here on Wednesday. He said the country had spent more than RM3 billion since February 2022 in subsidies for chicken and chicken eggs. The subsidy for chicken was terminated on Nov 1 last year, following which the supply and price of chicken became more stable. "When we took the unpopular decision of ending the chicken subsidy, many people belittled our efforts, saying that the price of chicken would soar. "Alhamdulillah, after the subsidy was terminated, ...

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.