Sugar prices will not be increased, says Minister


  • Nation
  • Tuesday, 23 May 2017

PUTRAJAYA: There is no reason to increase the price of sugar as the Government already sanctioned a hike of 11 sen per kilogramme last March, says Datuk Seri Hamzah Zainuddin.

"A supplier had a meeting with me recently and asked me to consider increasing the price of sugar by 49 sen. I told them, no way," said the Domestic Trade, Cooperatives and Consumerism Minister.

"It is only fair to maintain it at the current price," said Hamzah, at a press conference after his ministry's monthly assembly here.

The Government announced that the price of coarse granulated white sugar would be capped at RM2.95 per kg, from RM2.84 per kg, effective March 1.

Hamzah also added that the world market price of sugar had actually gone down.

"It is not like the suppliers are suffering from the costs. They are still making money," he said.
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 0
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Nation

Shafee says will miss Sri Ram, conveys condolences to his family
PM to make official visit to Singapore on Jan 30
Hajiji to look into plight of Murut villagers after logging of ancestral land
Reveal all on 'tallest flagpole' project, MP urges Sarawak govt
PM Anwar conveys condolences to Gopal Sri Ram's family
Leaders must never forget the people and their sorrows, says Anwar
'He was a national treasure': Sri Ram's passing mourned by legal fraternity
Due process was followed in sacking and suspension of leaders, says Umno info chief
Umno elections must go on within stipulated time, says Ahmad Maslan
Veteran lawyer Gopal Sri Ram passes away at 79

Others Also Read