Malaysia: Grade A, B, and C egg prices drop by three sen each starting today

Published Jun 17, 2024

Tridge summary

The Malaysian government has reduced the retail prices of Grade A, B, and C eggs by three sen each, now priced at 42 sen, 40 sen, and 38 sen respectively, to pass on savings from targeted subsidies to the public. This initiative, costing RM100 million for a 10 sen per egg subsidy and totaling RM927 million for chicken egg subsidies in 2023, responds to lower input costs for egg production. Additionally, the government is combating diesel smuggling through Ops Tiris, which has seized 6.44 million litres of diesel worth RM14.12 million as of December 31, 2023.

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

Original content

KUALA LUMPUR: The government has decided to reduce the retail prices of Grade A, B, and C eggs by three sen each across the country in line with efforts to pass on the savings from targeted subsidies to the people. Prime Minister Datuk Seri Anwar Ibrahim said that the new retail prices for Grade A, B, and C eggs are 42 sen, 40 sen and 38 sen each respectively effective today. "The subsidy coverage for the people's food needs of 10 sen per egg involves an expenditure of RM100 million, while the allocation for chicken egg subsidies in 2023 amounted to RM927 million," he said in a statement today. The Prime Minister said that retail prices for eggs in Sabah, Sarawak and Labuan will also be streamlined according to the gazetted areas and zones. He said this measure aligns with current developments showing a drop in the input costs of egg production, particularly the basic ingredients for chicken feed. "I want to emphasise that the government will continue to more proactively and ...

Source: Astroawani