Malaysian traders are being slapped by the ministry regarding rising vegetable prices

Published 2023년 2월 8일

Tridge summary

The Ministry of Commerce in Malaysia has warned traders to comply with the Price Control and Anti-Historical Profits Act 2011 (PCAPA) following concerns over a significant increase in vegetable prices. The Consumers Association of Penang reported a surge in prices, with okra seeing a 166% increase and other vegetables such as long beans, tomatoes, green beans, and eggplant also experiencing substantial price hikes. Despite these concerns, the ministry maintains that the market conditions are stable.

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Original content

The Ministry of Commerce has warned Malaysian traders to comply with the Price Control and Anti-Historical Profits Act 2011 (PCAPA). A spokesperson for the Profit Control Unit and Industry Compliance Division commented on a statement from the Consumers Association of Penang claiming that vegetable prices have risen by more than 160% over the past month. Chairman Mohideen Abdul Kader said last week that the price of okra had risen from RM6 per kg to RM16 per kg, an increase of 166%. He added that other vegetables that had risen in price included long beans which had risen from RM6 per kg to RM12 per kg (100%), tomatoes from RM4.50 per kg to RM10 per kg (120%), green beans from ...

Source: AGF