00:00 "The government is set to announce a new strategy to address the issue of sugar prices amid
00:06 calls for them to either be raised or floated," says Deputy Domestic Trade and Cost of Living
00:12 Minister Fouzia Saleh.
00:14 She said this matter is now in the final stage of discussion with relevant stakeholders and
00:19 other ministries, adding that the views of industry players and microtraders have been
00:24 taken into account.
00:26 Fouzia told FMT that they are seeking a combination of solutions to resolve the issue, aiming
00:31 to satisfy the industry without impacting the prices of food and beverages.
00:37 She was commenting on a proposal by Maidan Managing Director Amir Ali Maidan for the
00:42 government to float or increase the ceiling price of sugar from RM2.85 to RM3.80, following
00:49 the rise of international market prices.
00:53 Fouzia's announcement came after Felde Chairman Ahmad Shabari Cheikh expressed concerns that
00:58 low sugar prices would lead to continuous losses for Felde settlers.
01:03 Amir also urged the government to allow a free market mechanism in the sugar market
01:07 and eliminate approved permits for sugar imports to create a level playing field.
01:12 [MUSIC PLAYING]
Comments