Will Sibu chicken prices remain stable after subsidy removal?

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Sibu Chicken Prices Remain Stable Post-Subsidy Removal

Chicken prices in Sibu have remained stable following the discontinuation of subsidies and price controls for chicken meat. A survey of the Sibu Central Market revealed no significant price hikes or panic buying among consumers. Retailers are currently maintaining existing prices, with expectations of only minor adjustments if any.
Retailers Maintaining Current Prices

As of the implementation of the subsidy removal, retailers at Sibu Central Market, including the CCK Fresh Mart outlet, have continued to sell chicken at pre-existing rates. Outlet manager Lau Kung Hung indicated that there had been no directive from management to alter pricing, and any potential increase was anticipated to be negligible. This stability is partly attributed to the consistent supply chain, with CCK Fresh Mart sourcing approximately 500 birds daily from its own farms.
Ministry Confirms Seller Autonomy on Pricing

Officials from the Ministry of Domestic Trade and Cost of Living have informed traders that they are now permitted to set their own prices for chicken. The key stipulation is that these prices should not be considered excessive. This clarification allows sellers to adjust their pricing based on market dynamics and operational costs, moving away from the previous controlled pricing structure.
Sellers Adhering to Market Fluctuations

Chicken sellers at the Sibu Central Market, such as Nur Aafiyah Jubang, intend to align their pricing with prevailing market rates. This approach involves monitoring the prices set by other traders to remain competitive and avoid deterring customers. Sellers are prepared to absorb some cost increases, anticipating that any rise in price, potentially between RM2 and RM3 per bird, would be acceptable to consumers if deemed reasonable.

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Will Sibu chicken prices remain stable after subsidy removal?

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