PETALING JAYA: The prices of chicken being sold on the market will be actively monitored by the Malaysia Competition Commission (MyCC) since the removal of subsidies on Nov 1, says its chief executive officer Iskandar Ismail.
Iskandar said the commission will act without fear or favour should the market show any signs of distorting the competitive prices by respective players at any level of the supply chain.
“As of now, the competition in the market is showing positive signs. MyCC observed that there is no disruption on the supply of chicken and prices of chicken for the first two days (since the price control and subsidies have been lifted) varies between RM6.49 per kg to RM11 per kg.
“We have not received any complaints from anyone until today,” he said in a statement on Thursday (Nov 2).
Iskandar said MyCC is cooperating with the Domestic Trade and Cost of Living Ministry and the Agriculture and Food Security Ministry to obtain data in order to detect and respond to any signs of market distortion, particularly cartel activities in the market.
“MyCC understands the importance of chicken as one of the main sources of protein for consumers in the country.
“We remain dedicated to ensure the existence of competition in the market for the best interests of consumers,” he said.
Consumers are welcome to lodge any complaint or share any information on market manipulation activities to MyCC’s official website at www.mycc.gov.my.
Earlier today (Nov 2), Agriculture and Food Security Minister Datuk Seri Mohamad Sabu said the price of chicken had not shot up and the supply remained sufficient following the removal of subsidies on Wednesday (Nov 1).
The government previously set the ceiling prices for whole chicken at RM9.40 per kg.
