Chicken supply sufficient, price will not spike - FLFAM

SHAH ALAM - The Federation of Livestock Farmers' Associations of Malaysia (FLFAM) expects the market prices for chicken will continue to be sold under RM9.40 per kilogram despite the floating price that will be implemented tomorrow.

Its advisor Datuk Jeffery Ng Choon Ngee said it was guaranteed based on the sufficient supply of the raw product capable of meeting the current demands.

“For now, we won’t see chicken prices increasing as the supplies in farms were sufficient.

“We don’t see any possibility of the prices spiking after Nov 1 (tomorrow).

“However, we can’t specifically state how much it would be sold by vendors after the float, but the absence of the subsidies meant that there’s no longer a ceiling price for raw chicken.

“That’s why the price would depend on supply and demand.

“For now, what we can guarantee is the supply of chicken in the farms were sufficient to support the needs,” he told Sinar on Monday.

However, Ng did not reject the possibility of some parties taking advantage of the situation for their own gains after the government implemented the floating chicken prices.

He advised users to lodge a report to related agencies especially the Domestic trade and Cost of Living Ministry if there were any vendors increasing their prices.

When asked whether the price of the chicken would change daily or weekly after the changes, Ng said it depended on the supply and demand factor.

“We ourselves are uncertain on whether prices would increase daily or weekly as it depended on the supply and demand.

“However, the chicken float suggestion has long been suggested for a while to ensure the subsidy funds can be channelled to the right places,” he said.

He said the chicken prices in the urban and rural areas were determined by the local supply and demand.