Ceiling price control for chicken, eggs, subsidies for bottled cooking oil discontinued
Bernama
Jun 21, 2022
Ceiling price control for chicken, eggs, subsidies for bottled cooking oil discontinued
Ceiling price control for chicken, chicken eggs and subsidies for palm cooking oil in bottles of two, three and five kg will not be continued from July 1, said Domestic Trade and Consumer Affairs (KPDNHEP) Minister Datuk Seri Alexander Nanta Linggi.
PUTRAJAYA: Ceiling price control for chicken, chicken eggs and subsidies for palm cooking oil in bottles of two, three and five kilogrammes (kg) will not be continued from July 1, said Domestic Trade and Consumer Affairs (KPDNHEP) Minister Datuk Seri Alexander Nanta Linggi today.
In a press conference after chairing an engagement session with stakeholders in the poultry industry here, Nanta said the move was implemented to ensure that the supply of food in the market was more stable and prices were stabilised in the long run.
"Chicken prices will be floated and will depend on market forces. The needy group will be assisted later with targeted financial aid, " he said adding that details on the financial aid would be announced by the Ministry of Finance.
Currently, the government sets the maximum retail price of chicken and eggs for Peninsular Malaysia at RM8.90 per kg for standard chicken and RM9.90 per kg for super whole chicken (slaughtered and cleaned without legs, head, liver and gizzard).
Earlier Prime Minister Datuk Seri Ismail Sabri Yaakob said effective July 1, Putrajaya would stop giving subsidies to poultry farmers. Following this, the farmers reportedly hoped that the government would float the price of chicken.
Nanta informed that the subsidy for cooking oil in one kg polybag packages which is offered to consumers at RM2.50 per packet would continue.
On the abolition of the palm cooking oil subsidy in bottled packaging, he said the subsidy for the goods has reached RM20 million a month.
"This was a temporary programme and should have been implemented for three months but it went on until today.
"The government feels it is time to abolish it and focus more on helping the needy," he said.
The government had previously set a maximum retail price for palm cooking oil in bottle packaging effective Aug 1 last year, with the assurance that consumers would be able to buy cooking oil at below RM30 for a five kg bottle.
According to KPDNHEP, the maximum retail price for palm cooking oil in five kg bottle packaging was at RM29.70 per bottle, one kg bottle (RM6.70), two kg (RM12.70) and three kg (RM18.70).
In the engagement session today, Nanta said the poultry industry players assured that prices for chicken would not increase drastically.
"Interestingly, the industry has given their commitment to assist the government in ensuring that consumers will be able to get supplies of necessities, especially chicken, at reasonable and stable prices," he said.
He, however, stressed that KPDNHEP would take action in accordance with the existing rules on those who take the opportunity to increase the price of goods excessively.
"The ministry will not hesitate to act against industry players if they violate the existing anti-profiteering regulations," he said.
When asked about flour subsidy, he said the subsidy would continue for now.
-- BERNAMA
