KUALA LUMPUR, Oct 30 — Savings amounting to RM100 million a month following the discontinuation of subsidies and price controls on chicken effective November 1 will allow the...
On whether chicken prices will rise after November 1, KPKM said chicken at retail outlets in rural areas is expected to remain at about RM10.40 per kilogramme , but the price of chicken at hypermarkets is not expected to exceed RM9.40 per kg.
On whether chicken prices will rise after November 1, KPKM said chicken at retail outlets in rural areas is expected to remain at about RM10.40 per kilogramme , but the price of chicken at hypermarkets is not expected to exceed RM9.40 per kg.“Although the government has previously set the maximum retail price for chicken at RM9.40 per kg, traders at the retail level have imposed cutting charges ranging from RM1 to RM2 per kg, resulting in the purchase price of chicken rising to RM10.
“However, if a sudden price increase occurs, the government can impose price controls, either with or without subsidies,” it said. On chicken prices in Sabah, Sarawak and Labuan after the price float, it said the base prices in these regions are slightly higher when price controls are in effect based on local factors and costs.
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