Domestic Trade and Consumer Affairs Minister Datuk Seri Alexander Nanta Linggi speaks to the media in Putrajaya, June 21, 2022. — Bernama pic
Tuesday, 21 Jun 2022 7:13 PM MYT
PUTRAJAYA, June 21 — 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 August 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). — Bernama