Malaysia: Report to KPDN if egg prices do not drop

Published 2024년 6월 17일

Tridge summary

The Malaysian government has mandated a 3-cent reduction in retail prices for grade A, B, and C chicken eggs, effective immediately, as part of a directive to pass on targeted subsidy savings. Prime Minister Datuk Seri Anwar Ibrahim announced the move, with RM927 million allocated for egg subsidies in 2023. The public is urged to report non-compliance to the Ministry of Domestic Trade and Cost of Living (KPDN). Consumer groups and restaurant owners have welcomed the price cut, stressing the importance of monitoring to prevent price gouging and supply shortages.

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Original content

PUTRAJAYA: The public is urged to act as "eyes and ears" by reporting to the Ministry of Domestic Trade and Cost of Living (KPDN) if egg prices remain unchanged despite the reduction in prices effective today. Malaysia Consumer Movement (MCM) deputy chairman, Beninder Singh, said it is the responsibility of traders to comply with the directive to reduce prices or face legal action. "Consumers are encouraged to report to the authorities if traders are found selling at prices higher than the controlled rates," he said when contacted by Bernama today. Prime Minister Datuk Seri Anwar Ibrahim announced that the retail prices for grade A, B, and C chicken eggs have been reduced to 42 cents, 40 cents, and 38 cents each, respectively, effective today. He said the government decided to lower chicken egg prices nationwide by 3 cents each to pass on targeted subsidy savings to the public. Anwar, who is also the Finance Minister, stated that the 10-cent subsidy per egg amounts to an ...

Source: Astroawani