In a move the authorities said was part of its strategy to return benefits from its intended payment rationalizations to its members, the price of eggs in Malaysia has dropped by three Malay cents each.
Malaysia Prime Minister Anwar Ibrahim on Monday ( Jun 17 ) announced that the new prices for eggs with grades A, B and C are now 42 cents, 40 cents and 38 cents respectively.  ,
According to him, Sabah, Sarawak, and Labuan will have different wholesale prices for eggs depending on which regions and towns they are located in.
According to Mr. Anwar, subsidies for eggs had cost the government RM100 million ( US$ 21. % ), compared to the RM927 million rebate program in 2023, according to The Star.
This includes the most recent three percent saved by customers, which equals about 10 cents per egg.
According to Mr. Anwar, this growth was attributable to the lower cost of meat eggs ‘ production input, which primarily involved the basic ingredients in chicken feed.
” I want to point out that the government will continue to deal with issues relating to the person’s cost of living in a more proactive and powerful way,” he reportedly said.
Experts who spoke to Malaysian media outlets said that while they applaud the government’s plan to lower egg prices for consumers, the lack of chicken eggs is a persistent problem.
Dr. Yeah Kim Leng, an economist at Sunway University, quoted as saying that the government’s investment in raising the result of chicken eggs would be more advantageous in the long run.
” Removing the persistently high food prices and rising food import prices is essential,” according to the article.
In order to keep costs low and charges secure for all families, he said, “more concerted efforts by the government in cooperation with the private sector are needed to increase productivity and efficiency in the food business.”
Individually, the managing director of the well-known regional hypermart network Mydin reportedly told Free Malaysia Now that the government may promote the availability of subsidised egg on the market rather than reduce their costs.
” With this cost reduction, is the authorities guarantee that more egg will be available? I doubt thus.
” I do n’t believe the supply of subsidised eggs will be sufficient,” said Mr. Ameer Ali Mydin, adding that there have n’t been enough eggs on the market in recent months.
The Mydin hypermarket boss added that producers are unable to use the latest price control framework to increase normal egg production.
” If you allow the market forces to act, instantly the offer may be boosted”, he said.