MSM again urges govt to revise ceiling price of 1 kg sugar

PASIR GUDANG (Jan 16): MSM Malaysia Holdings Bhd once again called on the government to revise the ceiling price for both coarse and refined sugars per kilogramme (kg), amid a challenging operating environment due to elevated input costs and the depreciation of the ringgit. “We have asked the government to assist us with the 1kg prices. We have asked for an increase in the price of coarse sugar by RM1 from RM2.85 to RM3.85. Our main target is coarse sugar, refined sugar will follow suit. We have engaged with the government and are currently awaiting [their decision],” said MSM group chief operating officer (COO) Hasni Ahmad. Sugar ceiling prices are currently set at RM2.85 per kg for coarse sugar and RM2.95 per kg for refined sugar, according to Hasni. “We can’t sell at a loss. We see that our operating environment is still challenging given high input costs — things that we can't control,” Hasni told reporters during a media visit to MSM Sugar (Johor) Sdn Bhd on Tuesday. ...