Retail price of chicken eggs stable, Ministry of Internal Trade says

PUTRAJAYA (Bernama) The price of chicken eggs is stable, according to the Ministry of Internal Trade and Consumer Affairs.

He said this was his conclusion after monitoring three categories of chicken eggs since August 2 as part of Operation Pasar.

According to the ministry, the current price on Monday (August 23) for grade A chicken eggs was 44 sen each, grade B (40 sen) and grade C (36 sen).

He said in a statement Wednesday, Aug.25, that checks were carried out daily by price watchers to ensure that changes in retail prices for chickens and hen’s eggs did not weigh on consumers and that the market remained competitive.

“The controls take into consideration the entire supply chain, including producers, ranchers, wholesalers and retailers,” the ministry said, adding that it had taken note of the media information regarding the prices. higher retail chicken eggs compared to the previous month.

The ministry said 136 locals, 41 egg producers and 95 wholesalers were inspected across Ops Pasar.

A total of 136 product information certification notices were issued to producers and wholesalers to obtain further information regarding the price increase at the retail level.

“The retail price of 30 eggs is cheaper than that of 10 eggs. Therefore, consumers are encouraged to make a smart choice,” the ministry said.

The ministry said checks and analysis of reviews to which producers and wholesalers responded showed that the selling price for grade A eggs was between 37 and 38 sen per egg, with grade B (between 34 and 38 sen) and category C (between 33 and 37 sen) with a profit margin of between one and three sen per egg respectively.

“The checks also revealed that there were companies selling eggs below cost until July 2021,” he said.

The ministry said it also carried out checks with 50 companies and found that the amount of production and availability of chicken eggs in the market was stable.

“Based on verified companies, the estimated production of chicken eggs per day is 34 million and it is able to meet the daily consumption of Malaysians estimated at 30 million eggs per day. The stability of the supply of chicken eggs also affects the stability of its retail price in the market, ”the ministry said.