PUTRAJAYA: The price of chicken and eggs will go up even higher if there is no government intervention, says Domestic Trade and Consumer Affairs Minister Datuk Seri Alexander Nanta Linggi. Therefore, he said the government, including his ministry, would continue to take proactive steps to balance the rise of chicken and egg prices in the market. According to Bernama, Nanta said the government also provided soft loans to the country’s poultry industry to overcome the surge in chicken prices in the market with an allocation of RM262mil to help farmers affected by rising fertiliser and pesticides prices. “With the provision of the soft loans, it can help farmers and breeders to absorb the high operating and production costs, thus control the increase in chicken prices,” he said. Nanta explained that the issue of rising chicken prices which involved operating costs influenced by the world market was indeed very challenging, thus requiring the cooperation of the various ministries and agencies.

Source: The Star January 09, 2022 04:43 UTC