Chicken Cartels
The Malaysia Competition Commission is investigating reports that there are cartels that control the price and output of chicken among large companies, Ismail said, promising stern action against any firms found sabotaging supply. The probe is expected to be concluded by end-June, according to a statement from the consumer affairs ministry.
“If it’s true these cartels exist, we will take legal action against them,” he said. State news agency Bernama reported that there was a shortage of poultry locally as cartels had planned to stop farm operations over the weekend.
https://www.nst.com.my/news/nation/2022/05/798792/pm-lambasts-poultry-companies-behind-chicken-shortage-and-soaring-prices
KUALA LUMPUR: The government today took aim at several poultry producers, whom it said was responsible for the rising prices and supply shortage of chicken nationwide.
Prime Minister Datuk Seri Ismail Sabri Yaakob said the actions of these companies, which are bent on letting market forces dictate the prices of chicken and rejecting government subsidies meant to stabilise prices, were "regrettable and disappointing" and have greatly inconvenienced the people.
He said the government had previously set the ceiling price of standard chicken at RM8.90 per kilogramme. It had also offered subsidies totalling RM729.43 million under the Keluarga Malaysia Price Control Scheme (SKHKM) implemented on Feb 5.
"However, we found that several major companies had no interest in applying for the subsidy and instead, wanted the government to allow chicken prices to be dictated by the free market.
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