Cooperatives can be used as medium to fight middlemen, says Annuar Musa


MELAKA: Cooperatives can be used as a medium to fight middlemen who try to take excessive profits, says Special Task Force on Jihad Against Inflation chairman Tan Sri Annuar Musa.

Annuar, who is also Communications and Multimedia Minister, said the move would shorten the supply chain from manufacturers to retailers, which had caused the prices of goods to increase.

"This means there will be a direct method from producers and packaging manufacturers. (For example) cooperatives that are allowed to import sugar will be allowed to pack it into smaller packages and distribute them directly to retailers through cooperative-owned stores.

"They (cooperatives) also give an assurance that their prices will be 15 to 20% lower than the current prices. So, this is one of the methods that we will implement,” he told reporters after inspecting the prices of goods at a supermarket here on Saturday (Aug 6).

He was commenting on the call made by Prime Minister Datuk Seri Ismail Sabri Yaakob, who urged the Agriculture and Food Industries Ministry (Mafi) to continue the war against middlemen that had been implemented eight years ago.

The Prime Minister said the effort should continue through strategies such as creating padi purchasing and fruit collection centres and also by having more farmers' and fishermen’s markets.

Meanwhile, Annuar said he was satisfied to see some supermarkets have begun lowering the price of bottled cooking oil even though the price ceiling for the non-subsidised goods will only come into effect on Monday.

"We know that supermarkets such as Mydin have started selling 5kg bottled cooking oil at RM32.70 each and this is a good move. I hope other chain stores will be able to do the same.

"It is not necessary to wait until Aug 8 because we know some of the stock was bought when the price was cheap. The RM34.70 price limit has taken into account two things, namely the average price in July and a certain premium that has been added to that price,” he said. - Bernama

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Nation

Plans to improve local rail industry under way, NRCOE rebranded as MRDC, says MOT
Malaysia, Singapore looking at possibility of second ferry service
MACC: Investigation papers on LCS case submitted to AGC
Tri-country cargo rail service to kick off in October
Anwar says will consider contesting in Perak, but focus now is on GE15 machinery
Students warned against working illegally at farms abroad
Haagen-Dazs ice cream products recalled from sale, says Health DG
Unqualified, unregistered not allowed to carry out medical procedures, says Khairy
Water supply to be fully restored in Kuantan within 48 hours
Sungai Buloh Hospital cancels ban on food deliveries

Others Also Read