Ne­gri traders laud govt’s de­ci­sion to not raise sugar price

New Straits Times - - News -

SEREM­BAN: The gov­ern­ment’s de­ci­sion not to en­ter­tain re­quests for a sugar price hike has been wel­comed by the Ne­gri Sem­bi­lan Traders and Hawk­ers As­so­ci­a­tion (NSTHA).

Its pres­i­dent, Zubeer Abu Bakar said the move was timely, with Ra­madan near­ing.

“The im­pact of the price hike will not only af­fect con­sumers but also traders and hawk­ers.

“They are left with no choice but to in­crease the price of their prod­ucts,” he said yes­ter­day.

He said this would make it hard for traders and hawk­ers to run their busi­nesses as the price hike would cre­ate dis­sat­is­fac­tion among con­sumers.

“No con­sumers mean no busi­ness­for us. I hope the gov­ern­ment’s de­ci­sion will stay,” he said.

Yes­ter­day, the gov­ern­ment stood firm in its de­ci­sion not to in­crease the sugar price de­spite a re­quest from sugar pro­ducer MSM Malaysia Hold­ings Bhd.

Do­mes­tic Trade, Co­op­er­a­tives and Con­sumerism Min­is­ter Datuk Hamzah Zain­ud­din said there would not be any in­crease as the global raw sugar price had gone down, now at US$0.17 (RM0.73) per pound.

“Why should we in­crease the price when the global price for sugar has de­creased?

“I can tell you that the sugar pro­duc­ers have been record­ing a steady profit since the last price re­vi­sion in March,” he said af­ter the min­istry’s monthly as­sem­bly yes­ter­day.

On March 1, the price of coarsegrain white re­fined sugar was in­creased to 11 sen due to an in­crease in the price of im­ported raw sugar.

The price was in­creased from RM2.85 to RM2.95 per kg.

Hamzah said the man­age­ment of MSM Malaysia, in­clud­ing its chief ex­ec­u­tive of­fi­cer, had met him re­cently on the mat­ter.

“Nev­er­the­less, I am firm with the de­ci­sion not to in­crease the price. The gov­ern­ment would have con­sid­ered their re­quest if sugar-pro­duc­ing com­pa­nies were fac­ing ma­jor losses.

“But, they have been record­ing a steady profit. It’s un­fair if they wish to in­crease their prof­its while bur­den­ing the peo­ple.”

Ear­lier, he launched the #jan­gan­lebih­lebih cam­paign in con­junc­tion with Ra­madan.

Hamzah said the cam­paign would cre­ate aware­ness among con­sumers to stop food wastage and spend mod­er­ately.

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