Article Related To chicken-prices

Affendi Rajini Kanth said strict action needs to be taken against traders who take advantage of govt's decision to officially end subsidies.

The intervention measures taken by the government to ensure the security of food supply have paid off as chicken prices are now lower than the ceiling price of RM9.40 per kilogramme.

The announcement made by Ismail Sabri yesterday that market prices for chicken will not be floated was welcomed by traders, consumers and industry players.

The government has decided that the electricity and water tariffs in the peninsula will not be increased and the market prices for chicken will not be floated.

The FLFAM is expecting chicken prices to exceed RM10 per kg following the end of the maximum retail price scheme for chicken and the termination of subsidies to chicken breeders on June 30.

The price of chicken is expected to rise next month when it is floated following the end of the maximum retail price scheme on June 30.

Chicken breeders have expressed hopes the government will allow a free float of chicken prices following its decision to end the subsidy of 60 sen per kg issued to breeders since February 5.

Exports of up to 3.6 million chickens will be stopped from June 1 until chicken prices and production stabilise, Prime Minister Datuk Seri Ismail Sabri Yaakob said.

KPDNHEP will continue to hold engagement sessions with MAFI to ensure the issue of rising chicken prices will not continue until the Hari Raya season.

The opening of many economic sectors under Phase Four of PPN has caused a surge in demand for essential items like chicken and cooking oil and led to price increases.

KPDNHEP has given an assurance that the issue of high chicken prices and a supply shortage in the market will be resolved within two weeks.

Mohd Zawawi said the chicken prices in the Selangor market are now in a controlled and stable situation.

Kiandee said this special body will focus on matters which are under the jurisdiction of KPDNHEP as the ministry that acts on price increases.

KPDNHEP has issued 24 notices to chicken producers, wholesalers and retailers following price hikes.

The rise in the price of animal feed components in the international market could lead to the increase of chicken prices in the local market, said Datuk Seri Dr Ronald Kiandee.

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