Prices for chicken on downward trend

  • Nation
  • Monday, 20 Jul 2020

PUTRAJAYA: The retail prices of standard chicken has started to show a downward trend in public markets and supermarkets from July 1 to 17, said the enforcement division of the Domestic Trade and Consumer Affairs Ministry.

In a statement, its enforcement director Datuk Iskandar Halim Sulaiman, said the trend was in line with the decline in live farm chicken prices in the second week of July, with the price trending between RM4.50 and RM5.40 per kg in the second week of July, down from the first week, which is around RM5.20 to RM6.10 per kg.

“The standard chicken (retail) price in (the first week of) July was between RM8.00 and RM8.50 per kg, and has decreased to around RM7.60 to RM7.90 per kg in the second week,” he added.

Iskandar Halim said the ministry will continue to monitor the current supply and prices of chicken in the market so that consumers could obtain it at an affordable price.

He added that the ministry had carried out inspections of chicken prices following public complaints on June 15.

Iskandar Halim said that the monitoring was carried out under the Price Control and Anti-Profiteering Act to identify the supply chain levels involved in affecting chicken prices, and to detect if there was profiteering.

A total of eight investigation papers had been opened on poultry traders suspected of profiteering during inspections carried out from June 17 to 30, he added.

He said that these eight cases involved four retailers in the Melaka public market, and four wholesalers, one in Melaka and three in Kuala Lumpur. — Bernama

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