Business

Govt extends chicken, egg subsidies till Dec this year

Datuk Seri Ronald Kiandee says move due to rising production costs

Updated 3 years ago · Published on 09 Oct 2022 5:00PM

Govt extends chicken, egg subsidies till Dec this year
Agriculture and Food Industries Minister Datuk Seri Ronald Kiandee says the extension of subsidies for chicken breeders and egg producers involves an additional RM573.96 million cost to the government. – The Vibes file pic, October 9, 2022

PUTRAJAYA – The subsidies for chicken breeders and chicken egg producers have been extended from October until December this year, at a rate of RM0.80/kg for chickens and RM0.08 per egg, said Agriculture and Food Industries Minister Datuk Seri Ronald Kiandee.

He said this decision was made at the cabinet meeting last Friday to ease the burden of poultry breeders, following rising production costs – especially chicken feed which accounts for 70% of operating costs, apart from the costs of day-old chicks, logistics, workers, utilities, and medicines.

“This decision was made after taking into consideration the need to maintain the ceiling price of standard chicken at the retail level at RM9.40/kg and retail ceiling prices of grades A, B, and C chicken eggs at RM0.45, RM0.43, and RM0.41 each respectively in Peninsular Malaysia,” he said in a statement today.

He said the subsidy payments would be deposited directly into the accounts of farmers via Agrobank as per the existing mechanism, involving private breeders, integrator or semi-integrator breeders, and contract breeders.

The ministry would ensure that the payment process is implemented smoothly to guarantee continuity in production at the farm level, he added.

He said the extension of the subsidy scheme involved an additional RM573.96 million cost to the government.

Allocations for chicken and egg subsidies for the period from February to September 2022 amounted to RM1.233 billion.

“As at October 4, a total of 13,440 subsidy claim applications worth RM1.136 billion have been approved by the ministry and all breeders can continue to submit their applications for subsidies,” Ronald said.

He said the government was committed to ensuring that the poultry industry remains sustainable by continuing to give subsidies, apart from ensuring timely and adequate supply of chicken and eggs at reasonable prices for the benefit of the public. – Bernama, October 9, 2022

Related News

Malaysia / 9mth

Sabah polls: ‘We are aiming to form the next state government’ - Sabah Bersatu chief

Malaysia / 1y

Armizan admits fresh chicken prices in Sabah remain high, seeks lasting solutions

Malaysia / 1y

Bung urges Sabah government to address soaring chicken prices

Malaysia / 2y

Najib says KFC pieces too small, prices too high

Malaysia / 2y

No sudden increase in chicken price after subsidies end, assures Mat Sabu

Malaysia / 2y

Price float: prevent parties from taking advantage, govt told

Spotlight

Malaysia

Najib raises objections to 80% of ex-1MDB CEO’s witness statement over hearsay

Malaysia

Tun Dr Mahathir, Siti Hasmah create ASEAN record

By Alfian Z.M. Tahir

Malaysia

Nanta Linggi to leave Parliament after five terms, may contest new Sarawak state seat

World

Typhoon Dolphin’s remnants swamp Beijing as China braces for more extreme rainfall

Malaysia

Anwar expected to leave hospital today after successful treatment

Malaysia

Husband and wife face death penalty for drug trafficking

Malaysia

Former Subang MP, Wong Chen joins Bersama

Malaysia

Malaysian dies while transiting in Bangkok to Japan (video)

You may be interested

Business

SC wins court leave to pursue contempt proceedings against ex-APL director

Business

Fatal Red Sea attacks spark fresh oil price spike despite diplomatic talks

Business

Jobless numbers rise despite unemployment rate holding at 3% - DOSM

Business

Nation’s wholesale and retail trade surges 10.1% to RM168.5 billion

Business

Port businesses badly hit by uncertainty over commingled oil tax – maritime expert

Business

Govt tightens import controls to protect consumers and ensure fair competition

Business

Oil prices fall as markets weigh prospects of Hormuz reopening