In June, the government decided to maintain ceiling price of a standard processed chicken at $2.70. Read more at straitstimes.com.
PETALING JAYA - The price of standard processed chicken is much cheaper now with suppliers selling lower than the ceiling price set by the government. Mr Mahadi Mubin, a chicken supplier based in Selangor, said there was a drop of 60 sen to RM8.80 per kilogramme.
On June 10, the government decided to maintain the ceiling price of a standard processed chicken at RM9.40. Original Penang Kayu Nasi Kandar managing director Burhan Mohamed said chicken prices had been fluctuating this month, and added that the price of chicken dropped by 30 sen on Monday and Tuesday.“For buyers like us, we just have to purchase as usual despite the fluctuating prices,” he said when contacted.
He said this trend would also see suppliers lowering their prices. “When there is high supply and low demand, suppliers tend to lower prices to increase sales,” he said when contacted.
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