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Malaysia to implement price curbs to guarantee affordable chickens for Lunar New Year: ‘more than enough to go around’
- Malaysia’s food ministry said it will implement a price control scheme during the holiday period
- Subsidies for poultry farmers were discontinued on November 1 last year, and since then, the price of chicken has been capped
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More than enough affordably priced chickens will be available during the Lunar New Year, says Malaysia’s Agriculture and Food Security Ministry secretary general Lokman Hakim Ali.
He said government intervention would ensure prices do not fluctuate too much.
“Our chickens come from various sources, and with imports from Thailand, the supply is expected to be more than enough to go around for the Lunar New Year period,” he added.
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Lokman pointed out that although there were no price controls on chicken last Christmas, it was sold to consumers below the retail ceiling price of 9.40 ringgit per kg (US$2.00).
He added that chicken parts and frozen chicken were also sold below the retail ceiling price at all outlets.
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