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Saturday, July 2, 2022

A matter of Cost: Stretching their ringgit further

 

Janet Chia, 48, watering the lettuce plants at her house compound in Seri Kembangan, Selangor. Chia and her husband have planted several vegetables in their garden for their own consumption. 



Rise in prices pushes Ipoh folk to think of alternative ways to live within means

The hike in prices of essential items such as chicken, eggs, flour and vegetables has compelled ordinary folk in Perak to plant their own greens and herbs. Some are trimming their grocery bill or dining out less frequently by cooking simpler meals at home to better manage their household expenses. LIKE the rest of the nation, consumers in Ipoh, Perak, are feeling the pinch from the rise in the prices of goods, especially essential items.

The increase in prices is taking a toll on the people, leaving those in the low and middle-income groups struggling to cope.

Retiree Joginder Kaur Jessy, 67, said she had started to grow some vegetables in her house compound to help cut cost of buying greens.

She said eating out had always been expensive but cooking at home was no longer cheap either.

Expressing dismay at the rise in the prices of oil, vegetables, fish, chicken and eggs, she felt it necessary to cut back on some items as she was a pensioner.

“I have to be more prudent now and use less ingredients when cooking.

“I will probably have to look for a cheaper type of fish, eat less chicken, try to cook smaller portions, avoid wastage and make leftover food stretch over a few days,” she said.

Among the vegetables and fruits that Joginder has planted are chillies, okra, brinjal, lemon, mint, banana and papaya.

“Most of the prices of vegetables, fish and other seafood have tripled.

“Some fishmongers and vegetable and fruit sellers have taken this opportunity to raise the prices even further,” she added.

Holly Lai, 60, a marketing manager, said that at times cooking at home was more expensive than eating out.

Lai, who is single, said she used to cook at home, but after the increase in prices, she discovered it was not worth the effort.

Preferring fish and eggs in her diet, she noted that the prices of these items were not affordable.

“For me to cook a meal consisting of fish, rice and a vegetable, it will easily cost about RM15, not including the spices and other ingredients.

“In comparison, I can get a meal consisting of three dishes and rice for between RM5 and RM7 from a stall.

“During these trying times, I must choose wisely and cannot simply eat at expensive restaurants,” she added.

Teacher Ambiga Pillay, 60, said the government should step in to counter the increase in prices. 

 

Ambiga says she cuts down on daily costs by cooking more often at home.

Many including herself, she said, were saving on daily living costs by cooking more often as well as cutting back on luxury expenditures and travel.

“I always cook at home although it is a challenge as I work full-time.

“People think that grocery prices are lower in Ipoh compared to Kuala Lumpur, but it is not true.

“Prices here are higher because there is less variety compared to other places,” she said, adding that some also looked for cheaper alternatives to save money.

“I plan my finances based on priority as well,” said Ambiga.

Family Wellness Club president P. Mangaleswary also noted that people had been complaining about the rising prices of essential items.

She said some members of the non-governmental organisation (NGO) complained about how prices of vegetables had gone up in wet markets.

Members were saying that 1kg of tomatoes now cost RM9 when it used to be about RM5 before, she told StarMetro.

“Just last weekend at a get-together, some said they were feeling the burden of rising food prices as other expenses such as transport and house rental were also going up.

“The government’s cash aid for the B40 group is hardly enough for them to cover the rising costs.

“The government needs to look into some concrete measures to increase the supply of food such as vegetables and chicken,” said Mangaleswary. 

 

Mangaleswary suggests that the government give food suppliers some form of subsidy.

She said it was important to have control on prices of essential food items such as rice, sugar, flour, vegetables, fruits and chicken. To keep the supply chain going, she suggested that the government give suppliers some form of subsidy to help them overcome difficulties such as rise in price of chicken feed and transport cost.

“Of course, people must be reminded to be prudent and not to waste food,” she stressed.

Dr Richard Ng, president of NGO Ipoh City Watch, said although the country was transitioning into the Covid-19 endemic phase, the B40 folk in particular had little to cheer about. 

 

Ng says government assistance must reach the target group on a more consistent basis.

He said those who had been jobless might have heaved a huge sigh of relief as they would be able to earn a basic living.

He highlighted that a chain reaction had been triggered with the implementation of the minimum wage, the war between Russia and Ukraine taking a toll on the world’s economy, and the government’s announcement on the removal of subsidy on cooking oil and other essential items.

“These events have caused the prices of petrol, gas, cooking oil and essential food items to go up by at least 30%.

“This diminishing purchasing power not only impacts the B40 group, but also those in the M40.

“Each time such a crisis happens, the government can ask the people to tighten their belt, take less sugar, grow their own vegetables, provide one-off monetary assistance and groceries.

“But in reality, these efforts cannot really address the hard times faced by the people,” said Ng.

Instead, he said political leaders should set an example by going down to the ground and checking if the efforts made by them were effective.

He said government assistance must reach the target group on a more consistent basis, instead of just providing one-off aid.

“One way to solve this is to ensure some sort of prepaid card is given for the poor to buy groceries and other essential items from authorised outlets selling goods at lower prices.

“Of course, the mechanism must be monitored strictly to ensure there is no abuse and products sold must be of a certain minimum standard,” Ng added.

  • StarMetro By MANJIT KAUR manjit@thestar.com.my

Stretching their ringgit further 

 Like the rest of the nation, consumers in Ipoh, Perak, are feeling the pinch from the rise in the prices of goods, especially essential items.

The increase in prices is taking a toll on the people, leaving those in the low and middle-income groups struggling to cope. 

Joginder showing the brinjal growing in her garden.

Joginder showing the brinjal growing in her garden.Joginder showing the brinjal growing in her garden.

Retiree Joginder Kaur Jessy, 67, said she had started to grow some vegetables in her house compound to help cut cost of buying greens.

She said eating out had always been expensive but cooking at home was no longer cheap either.

Expressing dismay at the rise in the prices of oil, vegetables, fish, chicken and eggs, she felt it necessary to cut back on some items as she was a pensioner.

“I have to be more prudent now and use less ingredients when cooking.

“I will probably have to look for a cheaper type of fish, eat less chicken, try to cook smaller portions, avoid wastage and make leftover food stretch over a few days,” she said.

Among the vegetables and fruits that Joginder has planted are chillies, okra, brinjal, lemon, mint, banana and papaya.

“Most of the prices of vegetables, fish and other seafood have tripled.

“Some fishmongers and vegetable and fruit sellers have taken this opportunity to raise the prices even further,” she added.

Holly Lai, 60, a marketing manager, said that at times cooking at home was more expensive than eating out.

Lai, who is single, said she used to cook at home, but after the increase in prices, she discovered it was not worth the effort.

Preferring fish and eggs in her diet, she noted that the prices of these items were not affordable.

“For me to cook a meal consisting of fish, rice and a vegetable, it will easily cost about RM15, not including the spices and other ingredients.

“In comparison, I can get a meal consisting of three dishes and rice for between RM5 and RM7 from a stall.

“During these trying times, I must choose wisely and cannot simply eat at expensive restaurants,” she added.

Teacher Ambiga Pillay, 60, said the government should step in to counter the increase in prices.

Many including herself, she said, were saving on daily living costs by cooking more often as well as cutting back on luxury expenditures and travel.

“I always cook at home although it is a challenge as I work full-time.

“People think that grocery prices are lower in Ipoh compared to Kuala Lumpur, but it is not true.

“Prices here are higher because there is less variety compared to other places,” she said, adding that some also looked for cheaper alternatives to save money.

“I plan my finances based on priority as well,” said Ambiga. 


Ambiga says she cuts down on daily costs by cooking more often at home.

 

Family Wellness Club president P. Mangaleswary also noted that people had been complaining about the rising prices of essential items. 

 

Mangaleswary suggests that the government give food suppliers some form of subsidy.

She said some members of the non-governmental organisation (NGO) complained about how prices of vegetables had gone up in wet markets.

Members were saying that 1kg of tomatoes now cost RM9 when it used to be about RM5 before, she told StarMetro.

“Just last weekend at a get-together, some said they were feeling the burden of rising food prices as other expenses such as transport and house rental were also going up.

“The government’s cash aid for the B40 group is hardly enough for them to cover the rising costs.

“The government needs to look into some concrete measures to increase the supply of food such as vegetables and chicken,” said Mangaleswary.

She said it was important to have control on prices of essential food items such as rice, sugar, flour, vegetables, fruits and chicken. To keep the supply chain going, she suggested that the government give suppliers some form of subsidy to help them overcome difficulties such as rise in price of chicken feed and transport cost.

“Of course, people must be reminded to be prudent and not to waste food,” she stressed.

Dr Richard Ng, president of NGO Ipoh City Watch, said although the country was transitioning into the Covid-19 endemic phase, the B40 folk in particular had little to cheer about. 

 

He said those who had been jobless might have heaved a huge sigh of relief as they would be able to earn a basic living.

He highlighted that a chain reaction had been triggered with the implementation of the minimum wage, the war between Russia and Ukraine taking a toll on the world’s economy, and the government’s announcement on the removal of subsidy on cooking oil and other essential items.

“These events have caused the prices of petrol, gas, cooking oil and essential food items to go up by at least 30%.

“This diminishing purchasing power not only impacts the B40 group, but also those in the M40.

“Each time such a crisis happens, the government can ask the people to tighten their belt, take less sugar, grow their own vegetables, provide one-off monetary assistance and groceries.

“But in reality, these efforts cannot really address the hard times faced by the people,” said Ng.

Instead, he said political leaders should set an example by going down to the ground and checking if the efforts made by them were effective.

He said government assistance must reach the target group on a more consistent basis, instead of just providing one-off aid.

“One way to solve this is to ensure some sort of prepaid card is given for the poor to buy groceries and other essential items from authorised outlets selling goods at lower prices.

“Of course, the mechanism must be monitored strictly to ensure there is no abuse and products sold must be of a certain minimum standard,” Ng added. 

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  Consumers can download them to look for low prices and comparisons Cooking oil prices are up as of today, so are those of chicken and ...

Friday, July 1, 2022

A July jolt Handy price checker apps for you

 


Consumers can download them to look for low prices and comparisons

Cooking oil prices are up as of today, so are those of chicken and eggs and it’s going to be a tough few months for consumers. However, economists expect the hard times to ease by the end of the year. Until then, a special task force, which met for the first time yesterday, will try to keep the pain bearable.

What to expect from today:

End of vehicle sales tax exemptions

Subsidy removed for 1kg, 2kg, 3kg and 5kg bottled cooking oil

Subsidy retained for cooking oil in 1kg packets

Increase in pet food prices

New ceiling price of standard chicken at RM9.40 per kg

Retail price of eggs: Grade A: 45sen Grade B: 43sen Grade C: 41sen

Those with driving licences expired on or before Jan 13, 2021, need to retake driving tests

No change in water and electricity tariffs for domestic users in Peninsular Malaysia

Large-scale enforcement against illegal immigrants to start 

As Malaysians brace for price increases in essential food items such as chicken, eggs and cooking oil, local price checker apps may be handy to help find the lowest prices available.

The Domestic Trade and Consumer Affairs Ministry is encouraging consumers to download its Price Catcher application, which allows users to view the prices of specific items from various locations and make comparisons.

For example, consumers can check the price for 1kg of chicken thighs and see how they are priced at different locations, such as grocery stores, supermarkets and more.

The prices will be displayed from the lowest to highest. Consumers will get information based on their own location data.

The app also allows users to view prices of goods from various ecommerce stores, though the choices are limited to only three platforms.

According to the ministry in a Facebook post on June 27, the information on the app is updated daily by its price monitoring officers based on checks at various locations.

Price Catcher is free to download from the Google Play Store and Apple App Store. 

Price Catcher - Apps on Google Play /

Price Catcher on the App Store

Another price checker app that consumers can consider is Hargapedia. 

Hargapedia - Compare Price, Check Deals, Get free vouchers

They can check for the prices of items based on specific brands – from online platforms such as Shopee to supermarkets like Jaya Grocer, Giant and Lotus.

The app will display dates to provide validity of the pricing.

The information will also be filtered according to data provided by users such as location, age and income level.

The app can also direct consumers to the online platform so that purchases can be made from the site or outlet.

However, the app does not indicate if an item has sold out. Hence, consumers will only find out once they have been directed to the shopping site.

Full price listings are also only available to users who register on the app.

Hargapedia can be downloaded from the Google Play Store, Apple App Store and Huawei 

- The Star Malaysia

  • by ALLISON LAI, JOSEPH KAOS Jr, JUNAID IBRAHIM, GERARD GIMINO and ANGELIN YEOH 

DOMESTIC LIVESTOCK AND POULTRY PRICES 

 Hike in chicken ceiling price brings relief to many

 “The consumption of chicken and eggs is expected to be resilient despite global inflationary headwinds as they are one of the cheapest sources of protein.” Tan Kam Meng

Source: TA Research and Department of Veterinary Services

 The spike in the average price of meat such as duck, beef and pork in Malaysia, other than chicken, where the price has been kept low via a ceiling price, has led to an even higher demand for chicken, says TA Research. 

The higher ceiling price for broiler chickens and eggs may only provide “slight relief” to Malaysian poultry players, who have been battling margin compression for the past several months.

TA Research analyst Tan Kam Meng described the recently-announced hike in ceiling price for chickens as only “marginal”.

He also said that the increase in ceiling price for chicken from farm is unlikely to completely compensate for the cost borne by the breeders, especially smaller players.

“We believe the leeway for increase in average selling price (ASP) will slightly improve the earnings for both Leong Hup International Bhd and QL Resources Bhd as the input cost seems to have moderated recently.

“We reiterate ‘buy’ on Leong Hup and QL with respective target prices of 89 sen per share and RM6 per share,” stated Tan in a note issued yesterday.

Effective today, chicken will cost RM9.40 a kg, up by 50 sen, based on the new ceiling price set by the Cabinet.

The Cabinet decided not to float the price of chicken, a move that has brought relief to many quarters, especially consumers who are facing the brunt of inflation.

The Cabinet also set the new ceiling price of chicken eggs at 45 sen per egg for Grade A, 43 sen for Grade B and 31 sen for Grade C, all up by two sen each, in Peninsular Malaysia.

The new prices will be in effect until Aug 31.

Tan also said the higher ceiling price came as a compromise, taking into account the inflationary pressure faced by consumers and the increase in feed cost for the suppliers.

He noted that prices have been surging across the board for livestock, mainly due to increased feed price and demand recovery from the reopening of the economy.

The average prices of live ducks, cows and pigs in Malaysia have increased 8% to 32% compared to last year.

The spike in average prices of livestock other than chicken, where the price has been kept low via ceiling price, led to even higher demand for chickens, according to him.

“We remain optimistic on Leong Hup and QL as the increase in poultry’s ASP would provide a boost to profitability of their poultry segment.

“Furthermore, both poultry players are well positioned to capture market share of smaller farmers who left the business.

“The consumption of chicken and eggs is expected to be resilient despite global inflationary headwinds as they are one of the cheapest sources of protein,” he added.

In a separate note, MIDF Research said that new ceiling price would help to limit potentially larger adjustment that would add to the overall food inflation.

It also pointed out that the new ceiling price for chicken at RM9.40 per kg for Peninsular Malaysia is only an increase of 5.6% from the previous ceiling.

“So, this is smaller than the expected increase to around RM10 to RM12 per kg if chicken prices were to be floated.

“Meanwhile, the approval given to the Farmers’ Organisation Authority to bring more than 4,500 tonnes of chicken from Thailand is expected to stabilise chicken supply in the domestic market.

“We expect these measures will limit upward pressure on chicken price for now,” the research house said.

Going forward, MIDF Research foresees the government to continue exploring more initiatives to ease the upward pressures on food prices in the longer run.

-StarBiz By GANESHWARAN KANA ganeshwaran@thestar.com.my

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