Malaysia considers removing egg subsidies once supply and demand stabilize

Published 2024년 10월 9일

Tridge summary

The Malaysian government is contemplating the cessation of egg subsidies at all levels once the local egg supply stabilizes, in order to allocate the funds towards more crucial agricultural products. This decision follows the successful cancellation of chicken subsidies last year, which has resulted in a stable market price and supply of chicken. The government had allocated RM927 million (approximately S$282 million) for egg subsidies last year. The proposal to discontinue the egg subsidy is currently under review by the Ministry of Finance and the Ministry of Domestic Trade and Living Expenses.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(Putrajaya Comprehensive News) The Malaysian government announced that once the local egg supply returns to stability, the government will consider canceling subsidies for eggs at all levels. The Malaysian government believes that the measures to cancel chicken subsidies last year have achieved good results. The price and supply of chicken in the market have remained stable so far, so it is considering canceling subsidies for eggs. Malaysian Agriculture and Food Security Minister Mohamad Sabu said in his speech at the monthly meeting of the Ministry of Agriculture and Food on Wednesday (October 9) that after canceling egg subsidies, the government can use the funds saved to develop other more urgent agricultural products. He revealed that the proposal to cancel the egg subsidy has been submitted to the Ministry of Finance and the Ministry of Domestic Trade and Living Expenses. "I think we should now explore the subsidy measures for Grade A, B and C eggs. If the department's ...
Source: Zaobao

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