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15 July: Abolition of Retail Licence for Chicken

by 5m Editor
22 June 2010, at 11:30am

PHILIPPINES - The retail licence for chicken will be abolished on 15 July, thus allowing market forces to determine their prices, Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob said today.

Mr Ismail Sbri said that the supply of chicken had been more stable following the imposition of price control, according to Bernama.com.

He said the removal of the retail licences for chicken, along with steel bars and cement, would enable the ministry to better focus on the pricing and supply of sugar, wheat flour and cooking oil.

"In 2008, the ministry abolished the price control on chicken, steel and cement. However, it maintained control on supply and, through licensing, the supply of chicken in the country stabilised," he told a news conference at his office in Parliament House in the country.

He said 2,676 retail licences to sell chicken, 3,000 licences to sell cement and 2,356 licences to sell steel were issued between January and today.

He also said that the Price Control and Anti-Profiteering Bill 2010 was expected to be tabled at the current session of parliament to replace the Price Control Act 1946.

"The Cabinet has approved the bill. I hope it can be tabled for first reading in parliament next week," he said, adding that once the bill was approved, the licences under the Festive Season Price Control Scheme would be abolished.