RECOMMENDATIONS to overcome the shortage of certain grades of eggs will be brought to the Cabinet meeting tomorrow, the Special Task Force On Jihad Against Inflation chairman Annuar Musa said.

He said only eggs subject to price controls were in short supply, due to government subsidies not being attractive enough for producers.

“Grades A, B and C eggs are subjected to price controls to prevent prices from going up too high and the government intervenes to provide subsidies of three cents continuously. The government has to pay RM34 million a month to subsidise those eggs.

“Producers and distributors say the subsidy is not enough because their costs are higher, so they produce more eggs that are not subjected to price controls (Omega-grade and other grades),” he said in Kuala Lumpur today.

Annuar said the recommendation given at today’s committee meeting was to revise the subsidy.

“Since this is cannot be approved by the committee, this matter will be brought to the Cabinet tomorrow because any increase (in subsidy) will have implications on the government’s finances,” he said.

Meanwhile, he said the committee will seek approval for an additional 5,000 metric tonnes of cooking oil.

“Then the number of cooking oil in plastic packets at the price of RM2.50 can be increased so that more people can subsidised cooking oil in plastic packets,” he said. – Bernama, October 6, 2022.