Mydin hypermarket managing director Ameer Ali Mydin said the government’s decision to maintain price controls will not address the ‘persistent’ shortage of eggs.
“We are sure that the price of eggs will go up by at least 10 sen per egg , which will lead to a RM3 increase per tray.“Before the price control, this was actually the standard price for eggs,” Ameer told FMT. However, Mohamad said the decision to maintain the price control and subsidy for eggs was made taking into account the extra cost consumers would have to bear otherwise.
Economist Ida Yasin agreed with Ameer, saying the price of eggs should be floated in line with the government’s goal of reducing fiscal spending.
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