Malaysia

Govt to raise egg subsidy to 8 sen: Annuar Musa

Cabinet agrees to not increase, float market price, adds inflation task force chairman

Updated 4 years ago · Published on 07 Oct 2022 3:39PM

Govt to raise egg subsidy to 8 sen: Annuar Musa
Task Force on Jihad Against Inflation chairman Tan Sri Annuar Musa says the decision made during the cabinet meeting today on raising the egg subsidy would mean that the government will have to pay more than RM90 million per month for the subsidy programme. – SYEDA IMRAN/The Vibes pic, October 7, 2022

KUALA LUMPUR – The 3 sen subsidy for grade A, B and C eggs will be increased to 8 sen, said Task Force on Jihad Against Inflation chairman Tan Sri Annuar Musa. 

He said the decision made during the cabinet meeting today would mean that the government will have to pay more than RM90 million per month for the subsidy programme.

The cabinet, he said, also agreed to not raise or float the market price of eggs.

He added the decisions were made after taking into account the needs of the people and the burden of the increased cost of egg production borne by producers as well as distributors. 

“To overcome the problem, the cabinet agreed to accept recommendations from the Agriculture and Food Industries Ministry, the Domestic Trade and Consumer Affairs Ministry, and the Jihad Inflation Task Force to increase the subsidy from 3 sen to 8 sen.

“The cabinet also agreed that the existing subsidy for whole chicken should continue,” he said. – The Vibes, October 7, 2022

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