End of Chicken Subsidies Effective Nov 1

1 November 2023, marks the official discontinuation of subsidies and price controls for chicken. As announced by Prime Minister Datuk Seri Anwar Ibrahim in the Budget 2024, the discontinuation of chicken subsidies aligns with the government’s phased approach to subsidy rationalisation.

promo 9
Image Credit: Utusan Malaysia

Previously, the Minister of Agriculture and Food Security, Datuk Seri Mohamad Sabu, had informed that the government had allocated a total subsidy of RM3.8 billion to offset the costs of chicken and eggs until February of this year.

He clarified that the rationale behind this bulk discontinuation of chicken subsidies is to reduce the wastage of subsidies, which has also benefited foreign nationals and high-income groups.

The discontinuation of chicken subsidies was decided after considering the current supply situation and price stability at the farm level, contributing to the current market prices below the price ceiling. In this regard, the government will ensure that the floating selling price for chicken remains reasonable.

Mohamad stated that the Ministry of Domestic Trade and Consumer Affairs will carry out monitoring and enforcement under the Akta Kawalan Harga dan Antipencatutan 2011. This is to ensure that there is no excessive profiteering and price manipulation by irresponsible retailers at the retail level.

Source: Astor Awani

Advertise With My Weekend Plan
Close
© Copyright 2023 by My Weekend Plan. All Rights Reserved.
Close