PUTRAJAYA, May 9 (Bernama) -- The government today announced that the price of sugar will be increased by 20 sen, from RM2.10 a kilogramme to RM2.30 a kilogramme, effective tomorrow.
Domestic Trade, Cooperatives and Consumerism Ministry secretary-general Datuk Mohd Zain Mohd Dom said the price increase was to rationalise the retail price of sugar in line with the decision taken by the Economic Council today.
"The government took the decision to rationalise the subsidy for sugar following the decision by the Economic Council that the government''s subsidy for sugar should be further reduced," he told reporters here. He said despite the price incease, the retail price of sugar in Malaysia was still low as compared to neighbours Indonesia, Singapore, Thailand and the Philippines. In Indonesia, he said, the price was RM3.80 a kilogramme, Singapore (RM3.61), Thailand (RM2.31) and the Philippines (RM4.50).
