MSM: Sugar industry needs govt intervention, operating costs high

KUALA LUMPUR: The local sugar industry urgently requires the government to intervene by way of a price increase or introduce a floating price basis as the industry is operating in a challenging environment with high operating costs, said MSM Malaysia Holdings Bhd today.

As essential food producers, the sugar refiner said local sugar refiners are tasked to ensure food security while imports are not a sustainable option because exporting countries may face export quotas from their respective governments. For example, India, may switch off export in order to protect domestic needs.