The Malaysia Competition Commission (MyCC) will actively monitor the prices of chicken in the market after the removal of subsidies on November 1, according to Iskandar Ismail, the chief executive officer of MyCC. Ismail stated that the commission will take necessary actions if there are any indications of competitive price distortion by market players at any level of the supply chain. So far, the competition in the market seems to be stable, with no disruptions noted in the supply of chicken and prices ranging from RM6.49 to RM11 per kg in the first two days after subsidies and price control were lifted. There have been no complaints received thus far.
MyCC is working closely with the Domestic Trade and Cost of Living Ministry as well as the Agriculture and Food Security Ministry to gather data and detect any signs of market distortion, specifically cartel activities in the chicken market. Ismail emphasized the importance of chicken as a primary source of protein for consumers in the country and assured that MyCC is dedicated to ensuring healthy competition in the market for the benefit of consumers. Individuals can report any market manipulation activities or provide information through MyCC’s official website at www.mycc.gov.my.
Earlier today, Agriculture and Food Security Minister Datuk Seri Mohamad Sabu announced that the price of chicken has not significantly increased and the supply remains sufficient after subsidies were removed on November 1. Previously, the government had set the ceiling price for whole chicken at RM9.40 per kg.
