The Domestic Trade and Consumer Affairs (KPDNHEP) Minister Dato Sri Alexander Nanta Linggi has said that the prices of chicken and eggs in Malaysia will go up even higher if there is no government intervention. Furthermore, he stressed that KPDNHEP has and will continue to take proactive steps to balance the rise of chicken and eggs prices in the market.
As reported by national news agency Bernama, the KPDNHEP Minister clarified that among the steps that have been taken by his ministry include extending of the Keluarga Malaysia Maximum Price Scheme (SHMKM) until 4 February 2022, importing frozen round chicken and allocating RM262 in soft loans facility to chicken breeder to overcome the sudden rise in chicken prices in the market.
The SHMKM scheme was supposed to end on 31 December 2021 but the ministry has decided to extend the scheme for another 35 days effective New Year’s day. Furthermore, the ceiling price for chicken has also been fixed by KPDNHEP at RM6.10 per kilogram ex-farm, RM7.80 per kilogram wholesale and RM9.10 per kilogram retail.
Furthermore, the Agriculture and Food Industries Ministry (MAFI) also imports 10,000 metric tonne frozen round chicken or 5.5 million chickens a month.
The KPDNHEP Minister said,
“With the increase in supply in the market, the problem with a supply shortage of chicken is eliminated and at the same time create healthy competition which in turn will control and balance the price of chicken in the market,”
Nanta also said that there will be increase in chicken and eggs prices in the market when SHMKM ends on 4 February based on information received from he engagement session held on Jan 6 with MAFI, Veterinary Department, Finance Ministry, Agrobank representatives and the Federation of Livestock Farmers’ Associations of Malaysia (FLFAM).
He said each party had presented the factors for the increase in the cost of poultry farming operations, including the increase in the cost of chicken feed at the global level and labour shortages due to restrictions on the entry of foreign workers for the sector.
The KPNDHEP Minister further clarified,
“KPDNHEP will continue to monitor the prices from time to time and we wish to assure that appropriate steps will be taken to safeguard the welfare of the consumers and traders,”
He said that the issue of rising chicken prices which involved operating costs influenced by the world market was indeed very challenging and demanded the cooperation of the various ministries and agencies.
What do you guys think of the whole situation? Share your thoughts with us in the comments.
Malaysia Ranked 8th Most Dangerous Country to Drive in With Road Traffic Death Rate of 22.5
We all know how dangerous driving in Malaysia can be but how do we rank out of the other countries...
Pieces of Stone Statue Fall From Gopuram of Ipoh Temple, Kills A Woman & Injures 2 Others
A woman in Ipoh met her tragic & unfortunate death yesterday (15 May) during a ritual ceremony in a temple....
M’sian Family Shocked to Find That Their New House in Ipoh Had Collapsed Due to Landslide
A local family of five was recently shocked to find that a section of their new home in Taman Sri Perkasa...
PDRM has Thousands of IP Addresses Linked to Child Porn But Lack Manpower to Act on Them
It’s a scary world out there as cases of sexual crimes as well as child porn have unfortunately increased. Recently,...
Sarawak To Establish Its Own Sovereign Wealth Fund, Hopes To Replicate Norway’s Success
Sarawak Premier Tan Sri Abang Johari Tun Openg has announced that the territory is currently in serious talks with Norway...
MAVCOM: Airlines MUST Resolve Consumer Complaints & Provide Reimbursements Within 30 Days
The Malaysian Aviation Commission (MAVCOM) has stressed that the Malaysian Aviation Consumer Protection Code (MACPC) requires airlines to resolve consumer...
UK Court Rules That Calling Men ‘Bald’ at Work Will Now be Considered as Sexual Harassment
When it comes to verbal sexual harassment, what often comes to mind is someone making inappropriate comments about someone else’s...
Can’t Wait To Go Clubbing? Here Are The SOPs Nightclub Operators & Patrons Must Follow!
It was recently announced that nightclubs would be able to reopen starting 15 May (Sunday). The National Security Council (MKN)...
Social Stories20 hours ago
“A welcome home party is a plain joke” – PM Accused of Paying For Crowds to Welcome His Return
Social Stories15 hours ago
M’sian Teen Falls For Job Offer That Pays RM1.8K For Playing Games, Nearly Gets Sold To Thailand
Social Stories20 hours ago
Patrick Ooi Says That Min Yong Has Been Resold & Informants Betrayed Him, But M’sians Don’t Buy His Story
Social Stories17 hours ago
Grandson of 80yo Who Was Involved in Fatal Tow Truck Accident Pleads For Witnesses to Come Forward