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Imported Raw Sugar Price Increase Affects Processed Sugar Price

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KUALA LUMPUR – The increase by 11 sen of coarse granulated white sugar effective March 1 is due to the price increase of imported raw sugar.

Domestic Trade, Cooperatives and Consumerism Minister Datuk Hamzah Zainudin said the price of imported raw sugar in 2013 was only US$0.15 per 0.45kg (at the time, the exchange rate was US$1=RM3.20), compared to US$0.21, currently.

“This means that the import price has increased by almost 100 per cent,” he told the Dewan Rakyat during the Ministers’ Question Time, today.

He was responding to Datuk Mohd Fasiah Mohd Fakeh (BN-Sabak Bernam) who wanted to know the factors for the 11 sen increase to RM2.95 per kg from RM2.84.

Hamzah said Malaysians consumed 25kg of sugar a year per person as against the nine kilogramme a year advised by the World Health Organisation (WHO).

“If consumers can reduce their intake of sugar in the foods they take, the 11 sen or 3.8 per cent price increase will not have a big impact,” he said. – BERNAMA

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