June 16, 2022 @ 7:05pm
PUTRAJAYA: Chicken prices are expected to rise next month when the floating price system begins following the end of the maximum retail price scheme on June 30.
Domestic Trade and Consumer Affairs Minister Datuk Seri Alexander Nanta Linggi said due to the possibility of chicken price hikes, the Finance Ministry planned to provide aid to the needy, with the plan set to be finalised by the end of the month.
"The Finance Ministry will do something to help those in need," he told a press conference after the Domestic Trade and Consumer Affairs Ministry's monthly assembly here today.
The government has set the maximum retail price of standard chicken at RM8.90 per kg and super chicken (slaughtered and cleaned without legs, head, liver and gizzard) at RM9.90 per kg.
Previously, chicken breeders had expressed their hope that the government would allow the floating of chicken prices after it decided to end subsidies for breeders from July 1.
Nanta reminded industry players not to take advantage of the floating price by raising the price of chicken arbitrarily.
He said the ministry would monitor prices and errant traders would face action under the Price Control and Anti-Profiteering Act 2011.
"I hope industry players will not take advantage and raise prices too much. We will accept it if it is reasonable as we know that operation costs have increased." — Bernama