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Malaysia may stop or limit egg exports to maintain local market supply, says Minister

12 December 2018, at 12:00am

MALAYSIA, 10 December 2018 - Malaysia is looking into limiting or stopping the export of eggs to ensure there is sufficient supply for its domestic market, Domestic Trade and Consumer Affairs Minister Saifuddin Nasution Ismail said on Monday (10 December)

Speaking at a press conference after the Ministry of Domestic Trade and Consumer Affairs’ monthly meeting, Mr Saifuddin said that they will also investigate if there are elements of cartel activities causing the price of eggs to increase consistently every week for the past several months.

Action could be taken under the Competition Act for cartel activities like price fixing, division of territories and joint efforts by producers and wholesalers to limit production, he added.

Mr Saifuddin explained that the ministry had received many complaints from consumers including those in Penang, Sarawak and Putrajaya about the increase in the price of eggs especially in mid-November.

"In the first week of November, the price of grade A eggs in Putrajaya increased from RM3.98 (10 eggs) to RM5.11. In the third week, it went down to RM4.04. After that it has remained at around RM4," he said.

Source: Channel NewsAsia