‘Positive signs’ in market after chicken price floated, says MyCC

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Despite encouraging signs, MyCC CEO Iskandar Ismail says the commission remains vigilant against potential anti-competitive behaviour.

MyCC CEO Iskandar Ismail said the supply of chicken remains stable despite prices ranging between RM6.49 and RM11.00 per kg.

MyCC CEO Iskandar Ismail said the supply of chicken remains stable despite prices ranging between RM6.49 and RM11.00 per kg.At the tabling of Budget 2024 last month, Prime Minister Anwar Ibrahim said the temporary price controls for eggs and chicken will be lifted to allow market forces to determine prices.

Despite positive signs, Iskandar said the commission will continue its close monitoring of the market to detect signs of anti-competitive behaviour. Iskandar added that MyCC would leverage data provided by the domestic trade and cost of living ministry as well as the agriculture and food security ministry to detect and respond to potential market distortion.

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