PUTRAJAYA, June 21 — Ceiling price control for chicken, chicken eggs and subsidies for palm cooking oil in bottles of two, three and five kilogrammes will not be continued from July 1, said Domestic Trade and Consumer Affairs Minister Datuk Seri Alexander Nanta Linggi today.
“Chicken prices will be floated and will depend on market forces. The needy group will be assisted later with targeted financial aid,” he said adding that details on the financial aid would be announced by the Ministry of Finance. Earlier Prime Minister Datuk Seri Ismail Sabri Yaakob said effective July 1, Putrajaya would stop giving subsidies to poultry farmers. Following this, the farmers reportedly hoped that the government would float the price of chicken.
On the abolition of the palm cooking oil subsidy in bottled packaging, he said the subsidy for the goods has reached RM20 million a month.
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