KIMANIS: The Domestic Trade and Cost of Living Ministry is closely monitoring egg prices and supply following the reduction in subsidies.
Minister Datuk Armizan Mohd Ali said although the subsidy has been reduced, egg prices are still subject to price control.
“We will not compromise with any party that tries to raise prices arbitrarily.
“They are still bound by the controlled price of eggs in the market, so do not raise the price at will.
“Our officers are monitoring the situation together with the Agriculture and Food Security Ministry,” he told a press conference after launching RON97 products here yesterday, Bernama reported.
On Thursday, the government announced the removal of chicken egg price controls with subsidies reduced from 10sen to 5sen per egg before complete termination on Aug 1.
Armizan said the decision to reduce the subsidy was made after lengthy discussions and took into account the risk of rising egg prices, as well as the need to ensure continued availability of eggs in the market.
He said the ministry is also carrying out various operations to monitor the prices and supply of goods, including eggs, and that the government has set up a special committee to coordinate action to ensure price stability and market availability.
He added that the public should use the various ministry’s complaint platforms to report any issues concerning the price or supply of eggs or other essential goods in the market.
“We will investigate complaints within 24 hours.
“We are committed to tracing each price-related complaint, so submit your report on the platform and we will take immediate action,” he added.
