Govt to announce ‘new strategy’ on sugar prices

Free Malaysia Today

Deputy minister says it will take into account the interests of all parties, including the industry, traders and consumers.   Read More: https://www.freemalaysiatoday.com/category/nation/2023/11/12/govt-to-announce-new-strategy-on-sugar-prices/  Laporan Lanjut: https://www.freemalaysiatoday.com/category/bahasa/tempatan/2023/11/12/kerajaan-akan-umum-strategi-baharu-tangani-harga-gula/  Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: http://bit.ly/2Rn6xEV Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on Twitter: http://bit.ly/2OCwH8a  Follow FMT on Instagram: https://bit.ly/2OKJbc6 Follow FMT on TikTok : https://bit.ly/3cpbWKK Follow FMT Telegram - https://bit.ly/2VUfOrv Follow FMT LinkedIn - https://bit.ly/3B1e8lN Follow FMT Lifestyle on Instagram: https://bit.ly/39dBDbe ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #FuziahSalleh #SugarPrices #NewStrategy #Sugar #Food #Beverage

Transcript

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]

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