Govt targets over 4,000 tonnes of chicken buffer stock by year end

Govt targets over 4,000 tonnes of chicken buffer stock by year end

Anti-inflation task force chairman Annuar Musa says the amount will be sufficient for a week’s needs based on the chicken consumption rate of 1.8 million birds a day.

Currently, there is a slight oversupply of chicken.
KUALA LUMPUR:
The government aims to have 4,536 metric tonnes of chicken buffer stock by the end of December to ensure enough supply and to stabilise the price of chicken, said special task force on “jihad” against inflation chairman Annuar Musa.

Annuar said the effort would be carried out by the Farmers Organization 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 imports 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,” he told a press conference after chairing the special task force meeting at the Parliament building here today.

The communications and multimedia minister said the domestic trade and consumer affairs ministry (KPDNHEP) would monitor the stock of imported round chicken and local fresh chicken to prevent oversupply.

KPDNHEP will also monitor the supply of chicken stock from time to time and if there is an excess in supply, exports would be allowed 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, but the government has not made any decision regarding permission to re-export because we want to ensure that the supply is stable,” he said.

Stay current - Follow FMT on WhatsApp, Google news and Telegram

Subscribe to our newsletter and get news delivered to your mailbox.