Hike in premium sugar price up to 30% this month

Soaring prices: A worker arranging packets of sugar at Tesco Extra in Mutiara Damansara.

PETALING JAYA: The high global price of raw sugar, plus the falling ringgit, have pushed up prices of premium sugar this month, said producers.

MSM Malaysia Holdings Bhd, the country’s largest refined sugar producer, said it had increased the prices of its premium sugar to wholesalers by 20% to 30% in November.