KUALA LUMPUR: There is no supply disruption during the first two days after the discontinuation of subsidies and price controls on chicken effective from Nov 1, according to the Malaysia Competition Commission (MyCC).
The first two days of the transition period also saw chicken prices varied between RM6.49 and RM11.00 per kg.
MyCC said this period of transition will reflect a shift of chicken price from a fixed ceiling price of RM9.40 per kilogram (kg) to a market driven pricing structure.
"As of now, we see that the competition in this market is currently showing positive signs," it said, adding that it had so far not received any complaints.
"We will continue to closely monitor the market for any signs of anti-competitive behaviour. The lift of subsidies and the removal of ceiling prices should not be taken advantage of.
"Much like the investigation conducted by MyCC last year involving the chicken feed millers, we will act without fear or favour should the market shows any indication of distortion of competition by any players in any level of the supply chain," it said.
MyCC is working with the Ministry of Domestic Trade and Cost of Living and the Ministry of Agriculture and Food Security for crucial data to detect and respond to any signs of market distortion in particular cartel activities in the market.
"MyCC understands the importance of chicken serving as one of the main sources of protein for consumers in Malaysia. We remain dedicated to ensuring the existence of competition in the market for the best interests of consumers.