PETALING JAYA: Egg prices may rise by about 10 sen following the removal of government subsidies and price controls, but the increase is expected to stabilise supply and strengthen the industry, says Mydin managing director Ameer Ali Mydin.
Ameer said the slight increase was part of the transition to a healthier, market-driven system that would ultimately reduce shortages and create a more resilient egg industry.
“Since there’s no price control, the prices of eggs would probably go up by 10 sen and eventually, when there’s more supply in the market, the prices will stabilise,” he told FMT.
“Since there’s no price control, the prices of eggs would probably go up by 10 sen and eventually, when there’s more supply in the market, the prices will stabilise,” he told FMT.
Jeffrey Ng, adviser to the Federation of Livestock Farmers’ Associations of Malaysia, also hailed the reduction of subsidies from 10 sen to 5 sen per egg, with full removal and the end of price ceilings by Aug 1 as a step towards long-term industry health.
“We believe floating prices are a better mechanism. Continuous subsidies may not be helping either the industry or consumers,” he said.
Ng said supply remained stable even during the recent festive period, so farmers would be well-prepared for the transition away from subsidies.
