KUALA LUMPUR: The price of chicken eggs has dropped by 38% during the movement control order (MCO) period, says Agriculture and Food Industries Minister Datuk Seri Ronald Kiandee.
The market price for Grade C eggs dropped from 34 sen each in April to 21 sen in November this year, he said in a written reply to a question by Datuk Jalaluddin Alias (BN-Jelebu) in the Dewan Rakyat on Tuesday (Nov 17).
Jalauddin wanted to know if there was a drop in egg prices, resulting in millions in losses for the poultry industry.
Kiandee said that when the MCO was implemented, the food sector had to limit operations, resulting in a drop in demand for eggs by restaurants, hotels and school canteens.
"However, egg production stayed at the same level and this led to a glut, causing egg prices to drop," he added.
He said that egg producers were also hit with rising costs for chicken feed of between 4% and 5%, which accounted for 70% of the production price.
He cited examples where chicken feed such as corn rose to RM1,100 per tonne in November compared to RM955 per tonne in April while soybean prices rose to RM2,100 per tonne compared to RM1,920 per tonne over the same period.
Kiandee said his ministry was currently in talks with industry stakeholders to find short-term measures to ease their burden.
The government first implemented the MCO on March 18, which has been extended to include the conditional MCO which will last until the end of this year.