This is bad news for people who have a sweet tooth. The government has gone back on their word of not raising the price of sugar at least until May of 2010 by raising it by 20sen from today, 1st January, 2010, onwards.
Although there is a price increase of 20sen per kilogramme, the government is still subsidizing the cost of sugar. I guess that with the drastic price increase of raw sugar from US$0.14 to US$0.16 per pound to US$0.27 per pound since August, 2009, there is nothing they could do but to pass some of the cost to consumers.
Sugar is now selling at RM1.65 in peninsula Malaysia and RM1.75 in Sabah and Sarawak. Even so, it is said that the price of sugar is still the lowest among ASEAN countries. Well, doesn't this sound way too familiar?
It is said that the impact of 20sen extra per kilogramme on consumers is minimal but I guess we will only know sometime in the future how strong the impact is. After all, sugar is but one of the many items that we buy.
Although there is a price increase of 20sen per kilogramme, the government is still subsidizing the cost of sugar. I guess that with the drastic price increase of raw sugar from US$0.14 to US$0.16 per pound to US$0.27 per pound since August, 2009, there is nothing they could do but to pass some of the cost to consumers.
Sugar is now selling at RM1.65 in peninsula Malaysia and RM1.75 in Sabah and Sarawak. Even so, it is said that the price of sugar is still the lowest among ASEAN countries. Well, doesn't this sound way too familiar?
It is said that the impact of 20sen extra per kilogramme on consumers is minimal but I guess we will only know sometime in the future how strong the impact is. After all, sugar is but one of the many items that we buy.
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