PRICE MANIPULATION PUSHING UP PRICES OF CHICKEN - ISMAIL SABRI

12 Jul 2013 11:19

PUTRAJAYA, July 12 (Bernama) -- The agriculture and agro-based industry ministry has not ruled out that the sharp rise in poultry prices was due to price manipulation by retailers as the farm price remains unchanged at RM5 per kg while the supply is adequate.

Its minister, Datuk Seri Ismail Sabri Yaakob said however, the retail prices had shot up to between RM8.50 and RM9 per kg although the ministry had fixed the ceiling price at RM7.80 per kg.

He said the demand of chicken was normally 1.2 million birds a day but increased to 2.2 million to 2.4 million a day nationwide during Ramadan through Aidilfitri.

The government has opened applications for chicken import permits to address the problem and theoretically dumping will reduce the price of goods, he told a news conference to announce Tekun Nasional's victory of the 'Best Innovation in Financial Services' award in Karlsruhe, Germany.

He was commenting on a report that chicken prices had risen dramatically in many states for the past two weeks.

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