Will Malaysia continue its chicken price ceiling at RM9.40 per kg?

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Malaysia to Maintain RM9.40 Per Kilogramme Ceiling Price for Standard Chicken

The Malaysian government has decided to continue with the ceiling price for standard chicken at RM9.40 per kilogramme. This unanimous decision was reached by the Cabinet on Friday, August 26, with the government also opting not to float chicken prices in response to various feedback received.
Cabinet Decision on Ceiling Price

The Cabinet convened on Friday, August 26, and unanimously agreed to maintain the existing ceiling price for standard chicken at RM9.40 per kilogramme. This decision signifies the government's commitment to keeping the price of this staple food item stable for consumers.
Rejection of Floating Chicken Prices

Alongside the decision to retain the price ceiling, the government also confirmed that it will not be floating chicken prices. This indicates a deliberate choice to continue with a regulated market for standard chicken, rather than allowing market forces alone to determine its price.
Future Announcements on Details

Further details regarding this decision are expected to be announced following a meeting of the Special Task Force on Jihad Against Inflation. These upcoming announcements will likely elaborate on the specific mechanisms and implications of maintaining the price ceiling.
Context of Supply and Market Prices

The decision comes at a time when the supply of chicken has been reported as stable, with market prices for whole chickens often falling below the RM9.40 ceiling. Some sellers have even offered prices as low as RM6.99 per kilogramme, attributed to suppliers overcoming previous production issues and resulting in an excess supply. The government had previously indicated it might not continue the ceiling price after August 31, but this latest Cabinet decision supersedes those earlier considerations.

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Will Malaysia continue its chicken price ceiling at RM9.40 per kg?

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