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Malaysia sets higher price ceiling on chicken

CNA – The Malaysian government has set a ceiling price of MYR9.40 per kilogramme (kg) for standard chicken starting today.

The maximum retail price of standard chicken in Malaysia is currently at MYR8.90 per kg.

These are chickens that have been processed, and are sold with head, feet and organs.

In a statement on Wednesday, Agriculture and Food Industries Minister Dr Ronald Kiandee said that the Cabinet also decided that the retail price of Grade A eggs will be set at MYR0.45 each, Grade B (MYR0.43) and Grade C (MYR0.41).

“The decision has taken into account the Bantuan Keluarga Malaysia (BKM) assistance announced by Prime Minister Ismail Sabri Yaakob, where cash aid of MYR500 will be given to eligible B40 and M40 groups,” he said, referring to the bottom 40 per cent and middle-income 40 per cent Malaysians.

Last Friday, Ismail Sabri said that the government decided not to float the price of chicken and instead a new ceiling price was to be announced later. He said the decision was to safeguard the interests of Malaysian families so that they are not burdened by rising prices and by the challenges of the cost of living.