Expensive commodity: A coconut milk trader Muhamad Izkhwan Syahiman Jaafar packing coconut milk as a board shows the prices in Jalan Datuk Keramat. — LIM BENG TATT/The Star
GEORGE TOWN: The price of coconut milk has surged drastically in just four months, rising from RM11 to RM18 per kg, with some locations seeing prices as high as RM20 per kg.
The sharp increase is attributed to a nationwide shortage of coconuts, affecting both consumers and businesses ahead of Ramadan and Hari Raya.
