Prime Minister Tun Dr Mahathir Mohamad can be a killjoy sometimes, especially when it comes to food!
Today (Aug 27), Domestic Trade, Cooperatives and Consumerism Minister Datuk Saifuddin Nasution Ismail announced the sweet news that the ceiling price for sugar will go down by 10 sen per kilogramme effective September 1.
Saifuddin said the coarse grain sugar will be priced RM2.85/kg while fine granulated sugar at RM2.95/kg. He said the move was to reflect the downward trend of global raw sugar prices, NST reported.
“As we all know, sugar is a controlled item under the Control of Supplies Act 1961 and Price Control and Anti-profiteering Act 2011 to ensure supplies are enough and sold at controlled prices.
“The last price adjustment made was on March 1 last year,” he told reporters after his ministry’s monthly assembly in Putrajaya today.
The minister wished that traders would adhere to the announcement and not raise the prices of controlled items without getting written permission from the authorities. He also hoped that the move could spur a chain reaction of price reduction on food and beverages in Malaysia, citing that the half of the complaints the ministry received were in regards to F&B prices.
“Nonetheless, the decision to lower sugar prices should not be perceived as the government is supporting high sugar consumption.”
The move was in line with PH government’s effort in reducing the cost of living issues faced by the rakyat, Saifuddin said.