The government has agreed to continue with the ceiling price of RM9.40 per kg for standard chicken, says Domestic Trade and Consumer Affairs Minister Alexander Nanta Linggi.
He said the Cabinet reached the unanimous decision on Aug 26, adding that the government had also decided against floating chicken prices in response to feedback from several quarters.
"Further details regarding the decision will be announced after the Special Task Force on Jihad Against Inflation meeting," he said in a Twitter post yesterday.
On July 30, ministry secretary-general Azman Mohd Yusof said the government might not continue with the RM9.40 ceiling price for chicken in the peninsula after Aug 31, as the chicken supply appeared to be stabilising.
This was because the market price of round chicken was now below the ceiling price, he said, adding that some sellers were offering prices as low as RM6.99 per kg.
He said the majority of suppliers were no longer facing production issues, causing an excess in supply that would affect the current price.
Agriculture and Food Industries Minister Ronald Kiandee previously said that the government would review the ceiling price of standard chicken and the permission to export after Aug 31.