The Federation of Livestock Farmers' Associations of Malaysia said in a statement that the ex-farm chicken price will drop from RM3.30 to RM3 per kg, the wholesale price for live chicken from RM4 to RM3.70 per kg and retail price for live chicken from RM4.70 to 4.40 per kg, according to Malaysian National News Agency Bernama.

The wholesale price of dressed chicken will drop from RM4.70 to RM4.35 per kg while the retail price of dressed chicken with shank, head, liver and gizzard drops from RM5.55 to RM5.20 per kg.

The retail price of dressed chicken without shank, head, liver and gizzard with the VHM certificate drops from RM6.90 to 6.50 per kg while those without the VHM certificate drops from RM6.20 to RM5.80 per kg.

The associations chairman Kwei Yew Tong said in the statement that the price drop was due to of an oversupply of chicken in Peninsular Malaysia as well as the weakening economic scenario.

"I hope local consumers can take advantage of the low price and consume more chicken to remove the excesses," he said.

He also added that the new price is only applicable for the local but not the export market.