Malaysia

Price hikes for essential goods not caused by traders: Ismail Sabri

Prime minister also says government will temporarily halt fish exports to meet local demand

Updated 4 years ago · Published on 01 Dec 2021 2:03PM

Price hikes for essential goods not caused by traders: Ismail Sabri
Datuk Seri Ismail Sabri Yaakob says the government is importing frozen chicken to enable people to obtain the meat at a lower price. – Bernama pic, December 1, 2021

PUTRAJAYA – Prime Minister Datuk Seri Ismail Sabri Yaakob today admitted that the prices for essential goods have increased but said it was not caused by traders.

The prime minister attributed the price increase to costs accumulated at various levels of the supply chain before goods reached the traders.

“It is true that daily essentials are more expensive now. Traders and wholesalers are not responsible for this price increase. I see it as resulting from the supply chain.

“Take chicken as an example. Breeders, factories and wholesalers all have their own costs. The price is already high by the time the goods reach the traders,” he told reporters after conducting price checks on essential items at MyFarm Outlet Kasih here.

He said the Agriculture and Food Industries Ministry (Mafi) needs to work with the Domestic Trade and Consumer Affairs Ministry to resolve this issue.

“At the same time, we (government) need to seriously look into the issue regarding the involvement of middlemen,” he added.

Ismail Sabri said the government would import frozen chicken to enable people to obtain the meat at a lower price.

“For a start, we will bring in 200 container loads,” he said, adding that imported frozen chicken is expected to be available in the local market by next week at the latest.

Ismail Sabri said the price of local chicken had increased recently.

“The increase in chicken price to RM9.80 per kg is unusual although prices had exceeded RM10 per kg before. But this seldom happened because chicken prices normally ranged between RM7 and RM8 per kg,” he said. 

On the issue of fish supply, Ismail Sabri said Mafi would temporarily stop fish exports to ensure fish is easily available at reasonable prices in the local market.

“If possible, we will temporarily stop fish exports because it is important to meet the needs of our people. We do not want them to be burdened with price hikes, especially for wet goods,” he added.

He said this approach to check price increases had been taken in 2013 when he was the agriculture and agro-based industry minister. – Bernama, December 1, 2021

Related News

Malaysia / 2mth

PM: Billions spent, but more needs to be done to ease cost-of-living pressures

Malaysia / 2mth

Ismail Sabri charged over assets declaration, pleads not guilty

Malaysia / 2mth

Prices of RON97, RON95 and diesel up 10-20 sen for Aug 20-26

Malaysia / 2mth

Former PM Ismail Sabri's charge deferred to Aug 27

Motoring / 2mth

Perodua lowers prices of Axia models with immediate effect

Malaysia / 3mth

Prices, supply of building materials expected to remain stable - Minister

Spotlight

Malaysia

Wan Ahmad Fayhsal proposes Shuhaily for corporate mafia task force

Malaysia

Denai Alam, TTDI, and PJ hit by flash floods this afternoon (video)

Malaysia

Police open probe into case of Penang assemblyman who allegedly beat wife

Malaysia

Elderly woman found dead in drain outside Rembau home

Education

Flood-risk SPM candidates to be relocated to boarding schools ahead of monsoon

Business

BananaBro founder Tony Lim dies, remembered for vision to take banana leaf cuisine global

Malaysia

Adly tells PH to focus on winning Melaka seats, not CM post

Health

MOH seizes RM405k worth of illegally sold weight-loss drugs

You may be interested

Malaysia

Anwar highlights 70,000 free helmets initiative to improve motorcycle safety

Malaysia

Anwar warns TEKUN, Bank Rakyat, AIM fund managers of arrest, prosecution for abuse of trust

Malaysia

Police arrest 282 in nationwide crackdown on illegal gambling operations

Malaysia

Budget 2027 scrutiny shifts to obesity treatment funding, REE industry and tourism returns

Malaysia

Perlis PAS assemblywoman Wan Badariah dies at 50

By Ian McIntyre

Malaysia

17 detained over alleged armed brawl at Ampang flats

Malaysia

Shuhaily resumes AKPS duties, chairs commanders' meeting after week-long leave

Malaysia

PKR demands Ab Rauf explain status of 55 Melaka development projects