Ceiling prices for chicken, eggs and bottled cooking oil subsidies have been discontinued

Ceiling Prices For Chicken, Eggs And Bottled Cooking Oil Subsidies Have Been Discontinued
Ceiling Prices For Chicken, Eggs And Bottled Cooking Oil Subsidies Have Been Discontinued

The cap price control for chicken and chicken eggs, as well as the subsidy for pure palm oil in bottles of two, three and five kilograms (kg) will not be continued from July 1, the minister of Domestic Trade and Consumer Affairs Datuk Seri Alexander Nanta Linggi today.

At a press conference after chairing a poultry industry stakeholder engagement session in Putrajaya today, Nanta said the measure was implemented to ensure that food supplies in the market were more stable and, in the long term, could stabilize prices. .

“Poultry prices will fluctuate and will be subject to market forces. Those in need will be served later with targeted cash assistance,” he said. More information on targeted cash assistance will be provided by the Ministry of Finance.

Currently, the government sets the maximum retail price of chicken and eggs for Peninsular Malaysia for standard round chicken at RM 8.90 per kilo and super round chicken (slaughtered and cleaned without legs, head, liver and gizzard) at RM 9, 90 per kilo.

Read: Maximum price on chicken, eggs extended until June 30

Prime Minister Datuk Seri Ismail Sabri Yaakob said that as of July 1, Putrajaya would no longer provide subsidies to poultry farmers. After the subsidy ended, farmers expected the government to fluctuate the price of chicken.

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Nanta, at the press conference, reported that the subsidy for cooking oil in a one-kilogram polybag package, offered to consumers at a price of R$2.50 per package, continues.

On the abolition of the subsidy for pure palm oil in the bottle packaging, he said the subsidy for the goods reached RM 20 million per month.

“This program is temporary and should be implemented in three months, but it continues to this day.

“So the government feels it’s time to abolish it so the government can focus more on helping those in need,” he said.

The government had previously set a maximum retail price for pure palm oil in bottled packages from August 1 last year, with a guarantee that consumers would get cooking oil below RM30 for a five-kilo bottle.

According to the Ministry of Internal Trade and Consumer Affairs (KPDNHEP), the maximum retail price for palm oil in five-kilogram bottles is RM29.70 per bottle, a one-kilogram bottle (RM6.70), two kilograms (RM12.70) and three kilos (RM18.70).

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