Egg prices may rise by 10 sen after subsidy cut, says Mydin boss
Published on: Saturday, May 03, 2025
Published on: Sat, May 03, 2025
By: Alysha Edward, FMT Text Size: The government reduced subsidies from 10 sen to 5 sen per egg yesterday, with full removal and the end of price ceilings scheduled for Aug 1. 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. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.
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