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  • 19 hours ago
Food manufacturers and sundry goods traders are urging the government to stabilise diesel prices and offer temporary financial relief, cautioning that otherwise they will be forced to either raise prices or shut down.

The Malaysian Food Manufacturers Association has called for diesel to be brought down to about RM3 per litre, a six-to 12-month moratorium on loan interest repayments, and fast-tracked special loans to help businesses cope with soaring costs.

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00:05The Association, especially most of our members, they are from the SMG manufacturers.
00:14So, of course, in this case, they are replacing the energy problem.
00:21These supplies have gone up a lot.
00:23Most of our members in the past few weeks impressed to us.
00:28They suffered from this energy price increase.
00:33You see, because we are manufacturer Mi and Kuei Tiao,
00:37sometimes you hear a lot from the market,
00:41when the manufacturer may be increased one kilo Mi is 20 to 30 cents,
00:47but the seller will increase one volt of Mi, 50 cents to 70 cents.
00:54So, we are quite worried about this issue happening.
00:58So, actually, in the past few weeks, some of our members are discussing
01:01whether they want to increase the price of the product,
01:05but they worry that when you see in the past few weeks,
01:09the price, as Mr. Teng said, mentioned to us just now,
01:16we increased the, this price increased 20%, about 20 to 30% already.
01:22So, we are still to know what price, how many percent of the price shall we adjust for product.
01:30We worry that it will affect the public a lot.
01:34What about if the war continues, price keep going,
01:38so shall we increase another time for the coming one?
01:44So, this is how we worry.
01:46We still don't know, we still under discussion.
01:50What is the best rate, shall we increase in our product?
01:55If we don't increase in our product, we cannot survive.
02:00So, one of our members, manufacturer, Gui Tiao and Chi Chiang Fund and all those things,
02:07he told me that last week, compared to the previous week before the price gone up,
02:15he already paid extra 70,000 for the diesel.
02:19So, that not included the cost of their logistics.
02:27The cost of the logistics.
02:29In the past few days, also they leave up the subsidy for the diesel, for this manufacturer.
02:38So, if included the cost of the logistics, he estimated that every month he had to pay an extra of
02:50100,000.
02:51So, he encountered losses.
02:55So, if this price keep going, so we also don't know what to do.
03:02We have been in this business for over many years.
03:05This is the first time we encountered this kind of problem.
03:09So, hope that we raise up this to the government,
03:11the government can see what to do to access our agriculture.
03:19Okay, come on.
03:20Bye.
03:21Bye.
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