AGRICULTURE and Food Security Minister Mohamad Sabu said the date for chicken and egg prices to be floated would be announced during a press conference on October 30. 

He said discussions were being held with all stakeholders to ensure prices remained reasonable after the announcement. 

“The move to (float) the prices for the long term or short term will depend on the situation but if possible, let the market decide the price…. we, however, cannot guarantee the duration due to the global situation and drastic climate change,” he said today. 

He added that the media conference to announce the date would involve the following ministries – agriculture and food security, finance, and economy – and the Department of Statistics Malaysia.  

Prime Minister Anwar Ibrahim, when tabling the Malaysia Madani Budget 2024 last week, announced that the temporary price controls for eggs and chicken would be lifted as current trends indicated the supply of both was now stable. 

Anwar said the move would enable the local market to function freely in ensuring sufficient supply of both items. – Bernama, October 19, 2023.