PETALING JAYA • Malaysia is conducting a study on whether to raise the price ceiling of sugar.
Domestic Trade and Consumer Affairs Ministry secretary-general Azman Mohd Yusof said a report was expected to be tabled with the Cabinet after consultations with stakeholders within the year.
“The decision on whether or not to raise the price of sugar will be made by the Cabinet,” he said when contacted by The Star.
A spokesman for the Singapore Food Agency said last month the Republic imports sugar from over 40 countries, including Australia, India, Malaysia and Thailand.
Currently, Malaysia’s domestic wholesale refined sugar price is capped at RM2.69 (85 Singapore cents) per kilogram.
Sugar industry players including MSM Malaysia Holdings have urged the government to review the price ceiling of sugar amid rising raw material and freight costs.
Bu hikaye The Straits Times dergisinin June 21, 2022 sayısından alınmıştır.
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Bu hikaye The Straits Times dergisinin June 21, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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