Malaysia: The end of chicken egg subsidies is being considered

Published 2024년 10월 9일

Tridge summary

The Ministry of Agriculture and Food Security in Malaysia is contemplating a review of chicken egg subsidies for grades A, B, and C, intending to halt them once supply stability is achieved. This move is akin to the successful discontinuation of chicken subsidies, which has saved the country RM100 million monthly. Proposals for this initiative are under review by the Ministry of Finance and the Ministry of Domestic Trade and Cost of Living. The funds saved from ending these subsidies would be directed towards the development of other urgent agro-food sectors. Since February 2022, Malaysia has invested over RM3 billion in chicken and egg subsidies.

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

Original content

PUTRAJAYA: The Ministry of Agriculture and Food Security (KPKM) will review the provision of chicken egg subsidies for grades A, B and C if the supply recovers and stabilizes. Its minister Datuk Seri Mohamad Sabu said the move to end the subsidy should be considered based on the successful end of the chicken subsidy which saved RM100 million a month. "Proposals have been submitted to the Ministry of Finance and the Ministry of Domestic Trade and Cost of Living, and are under consideration," he told reporters after the KPKM monthly meeting here today. Mohamad said the savings could be used to develop other urgent agro-food sectors. According to him, the country has spent more than RM3 billion since February 2022 on chicken and egg subsidies, before the government implemented the termination of chicken subsidies on 1 Nov 2023 and witnessed the supply and price of chicken becoming more stable until now. "When we took the unpopular decision of ending the ...

Source: Utusanborneo