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Friday, August 5, 2022

Govt aims to have over 4k tonnes of chicken buffer stock by end-December


The government aims to have 4,536 tonnes of chicken buffer stock by the end of December to ensure enough supply and a stable price of chicken, Special Task Force on Jihad against Inflation chairperson Annuar Musa said.

Annuar said the effort would be carried out by the Farmers Organisation Authority and the amount was sufficient for a week’s needs, based on the chicken consumption rate of 1.8 million birds a day.

"This is something new that we will implement after we allow the product to be imported from several source countries and obtain stock from breeders in this country.

"It does not mean that we will keep the chicken for a certain period, but we will release it in the market in stages to ensure that the stock is always sufficient and the price will not increase," Annuar told a press conference after chairing the special task force meeting at the Parliament building yesterday.

Annuar, who is also the communications and multimedia minister, said the Domestic Trade and Consumer Affairs Ministry would monitor the stock of imported chicken and local fresh chicken to prevent over-supply.

The Domestic Trade Ministry will also monitor the supply of chicken stock from time to time and if there is an excess in supply, it will be allowed to be exported again, he said.

"We have received information that there is indeed a slight oversupply of chicken, and the price has also started to stabilise, even lower than the ceiling price set, but the government has not made any decision regarding permission to re-export because we want to ensure that the supply is stable," Annuar added.

- Bernama

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