Reports by MARTIN CARVALHO, RAHIMY RAHIM and TARRENCE TAN
COVID-19 has resulted in cheaper chicken eggs for Malaysians following a 38% drop in prices during the MCO period, says Agriculture and Food Industries Minister Datuk Seri Ronald Kiandee.
“There has been a drop by 38% in market prices for Grade C eggs to 21 sen per egg in November 2020, compared to 34 sen per egg in April 2020, ” he said in a written reply to Datuk Jalaluddin Alias (BN-Jelebu).
Jalaluddin wanted to know if there was a drop in chicken egg prices that resulted in millions in losses for the poultry industry.
Kiandee noted that the implementation of the MCO resulted in the food sector industry limiting their operations and in turn caused a drop in demand for eggs by restaurants, hotels and school canteens.
“However, egg production remained at the same levels and led to dumping at farms, causing a price drop of eggs in the market, ” he added.
He said egg producers were also hit with the rising cost of chicken feed between 4% and 5%, which accounted for 70% of production prices.
He added that chicken feed such as corn had risen to RM1,100 per tonne in November 2020 compared to RM955 per tonne in April while soybean rose to RM2,100 per tonne compared to RM1,920 per tonne for the same period.
The government first implemented the MCO on March 18, which has been extended to include the conditional MCO currently in place.