Auto Added by WPeMatico
KUALA LUMPUR — Chicken prices have remained stable since the removal of subsidies on Nov 1, 2023, the Dewan Rakyat was told today.
Deputy Domestic Trade and Cost of Living Minister Datuk Dr Fuziah Salleh said that prior to the subsidy removal, the market faced issues with price control despite the government having set a subsidised price cap.
“One of the strategies we implemented was to clamp down on chicken feed cartels, as chicken feed accounts for 70 per cent of production costs. So, we focused on controlling production costs.
“Since Nov 1, 2023, the ministry has been collecting daily chicken price data to ensure the approach is truly effective. Although there are no longer any subsidies, we regulate the supply chain and monitor chicken prices and to date, prices have stabilised and in some cases are even lower,” she said,
Fuziah was replying to a question from Mohammed Taufiq Johari (PH-Sungai Petani). — BERNAMA
RELATED ARTICLES
Wednesday, October 20, 2021
Fitch Ratings: Political uncertainty continues to affect Malaysia’s outlook
Tuesday, April 9, 2019
Bill passed to tax digital businesses
Wednesday, February 26, 2025
Detailed study needed to understand difference in private hospital treatment charges
Friday, October 1, 2021
Cabotage policy not sole factor for Malaysia’s exclusion from Apricot
Monday, November 21, 2022
Expect tense political atmosphere post-GE15
Wednesday, September 22, 2021
Undi18, automatic voter registration earlier than scheduled
The post Chicken prices stabilise after subsidy ends, Dewan Rakyat told appeared first on The Malaysian Reserve.