How are Sibu chicken sellers adapting to price control discontinuation?

Question

Accepted Answer

Sibu Chicken Sellers Maintain Stable Prices Post-Subsidy Removal, No Panic Buying Observed

Following the discontinuation of subsidies and price control for chicken meat, sellers in Sibu have largely maintained existing prices, with no significant increases or panic buying reported at major outlets. Retailers indicated a commitment to competitive pricing and a cautious approach to any potential adjustments, aiming to absorb costs without alienating consumers. Officers from the Ministry of Domestic Trade and Cost of Living have communicated the removal of the ceiling price, advising sellers to set prices reasonably.
Stable Pricing at CCK Fresh Mart Outlets

CCK Fresh Mart outlets in Sibu have continued to sell chicken at pre-discontinuation prices as of yesterday. An outlet manager stated that there have been no directives to increase prices, and any anticipated rise would be minimal, possibly only a few sen. This stability is partly attributed to the outlets sourcing their daily supply of 500 birds directly from their own farms, providing a degree of control over their costs and pricing.
Sellers Adhere to Market Competition

Other chicken sellers at Sibu Central Market indicated they would follow prevailing market prices rather than implement immediate hikes. They expressed that selling above competitors would negatively impact their business. This suggests a strategy of maintaining competitiveness by observing and matching the prices set by other traders in the vicinity to avoid losing customers.
Anticipation of Moderate Price Adjustments

While current prices remain stable, some sellers anticipate a potential increase in the coming days, estimating a rise of RM2 to RM3 per kilogram. This adjustment is expected to be determined by supplier costs and consumer demand. However, sellers believe consumers would likely accept such an increase if it is perceived as reasonable, indicating a willingness to absorb moderate changes rather than drastic fluctuations.

Reading history

Hide →

This history is cleared when the page is closed.

How are Sibu chicken sellers adapting to price control discontinuation?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends