The Department of Economic Planning and Statistics (JPES) at the Ministry of Finance and Economy in collaboration with the Ministry of Primary Resources and Tourism (MPRT)through the Department of Agriculture and Agrifood has set short-term maximum prices on whole chicken and chicken eggs for 10 weeks, from April 1- June 11.
This maximum price directive is a short-term measure to mitigate increasing food prices. The maximum price for whole chicken is BND4.45 per kilogrammes, BND0.19 per Grade AA egg, BND5.70 per tray of 30 Grade AA eggs, BND0.18 per Grade A egg, BND5.40 per tray of 30 Grade A eggs, BND0.17 per Grade B egg, BND5.10 per tray of 30 Grade B eggs, BND0.16 per Grade C egg and BND4.80 per tray of 30 Grade C eggs.
JPES said these maximum prices are not the endorsed retail price of the goods.
The objective of capping the price levels is to prevent prices from further escalation, particularly resulting from reselling activities in the supply chain. Retailers are encouraged to remain competitive in their pricing below the capped price and to observe ethical business conducts.
Retailers are also advised to devise effective rationing measures if deemed necessary to deter hoarding of these temporary price controlled items.
Consumers are reminded to act responsibly by not engaging in panic buying or stocking up goods beyond their normal consumption level.
Any queries related to the maximum prices directive can be channelled to the Department of Competition and Consumer Affairs (DCCA), JPES through the Consumer hotline under Darussalam hotline 123 or the JPES mobile application PenggunaBijak.