No subsidies, yet stable: Chicken prices remain steady following feed cartel bust and other measures, says deputy minister

No subsidies, yet stable: Chicken prices remain steady following feed cartel bust and other measures, says deputy minister

KUALA LUMPUR, Aug 6 — Chicken prices have remained stable despite the removal of subsidies on November 1, 2023, the Dewan Rakyat was informed today.‍

Local
Local

KUALA LUMPUR, Aug 6 — Chicken prices have remained stable despite the removal of subsidies on November 1, 2023, the Dewan Rakyat was informed today.

Deputy Domestic Trade and Cost of Living Minister Datuk Dr Fuziah Salleh said that before subsidies were lifted, the market still struggled with price control even under a government-imposed price cap.

“One of our key strategies was targeting chicken feed cartels, as feed makes up 70 per cent of production costs. So, we focused on reducing production costs instead,” she said.

Fuziah added that since the removal of subsidies, the ministry has been collecting daily chicken price data to assess the effectiveness of the measures.

“Although there are no subsidies now, we continue to regulate the supply chain and monitor prices. So far, prices have remained stable and in some cases, even declined,” she said in response to a question from Mohammed Taufiq Johari (PH–Sungai Petani). — Bernama

Deputy Domestic Trade and Cost of Living Minister Datuk Dr Fuziah Salleh said that prior to the subsidy removal, the market faced issues with price control despite the government having set a subsidised price cap. — Picture by Lee Khang Yi

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