Livestock man tells why price controls are problematic
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Title : Livestock man tells why price controls are problematic
Category : Malaysians
Livestock farmers are not happy with the move to fix prices on essential items as the movement control order enters its third phase today. (Facebook pic)PETALING JAYA: A livestock farmer has questioned the wisdom of Putrajaya’s move to control the price of some essential items, saying it may have overlooked issues affecting supply. Jeffrey Ng, who is also the adviser to the Federation of Livestock Farmers’ Associations of Malaysia, told FMT it would be difficult to set prices for perishables because of the many variables affecting production costs. “Take chickens, for example. In the past week, we have had very hot weather and the chickens tend to eat less. So they grow at a slower rate and the feed costs are lower. How would you calculate the price?” Since it would be difficult to decide on the right price, he said, the authorities risked fixing a price that would be too high fo…
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