Prices remain high as Malaysia chicken supply stabilises with export ban kicking in

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KUALA LUMPUR - Chicken supply in Malaysia appears to be slowly stabilising following the export ban imposed by the government, but retail...

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Checks by ST found that although there was an adequate supply of raw chicken at supermarkets and wet markets in the Klang Valley, many sellers were selling it above the ceiling price, risking a fine of RM100,000 to RM1 million, or three to five years' jail, or both under the Price Control and Anti-Profiteering Act 2011.By Monday , the Domestic Trade and Consumer Affairs Ministry had issued compound fines totalling RM256,800 to sellers who flouted the controlled pricing.

Commodities Minister Zuraida Kamaruddin said Russia's invasion of Ukraine and uncertain weather patterns have created a global shortage of chicken feed. Malaysia's chickens are eating less and growing slower than normal, which in turn restricts the supply of the birds. The Rubber Industry Smallholders Development Authority's role has also been expanded to help the country's agrofood production by getting rubber planters to diversify into farming chickens.

On Wednesday , Prime Minister Ismail Sabri Yaakob also announced that the government will cut subsidies given to chicken breeders, and direct financial aid to the lower income group instead come July 1, in a bid to ease the impact of the rising cost of goods.

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In the end maybe many will close shop and look for other means rather than incur losses.

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