Malaysia warns retailers against conditional sugar sales amid rising prices
Retailers in Malaysia have been warned against selling sugar with conditions, as it violates the Control of Supplies Act 1961. Deputy Domestic Trade and Cost of Living Minister Fuziah Salleh emphasised that businesses found to be engaging in such practices could face suspension of their licences.
Reports have surfaced that some retailers are imposing conditions requiring consumers to purchase a kilogram of premium sugar at US$1.16 per pack for every two kilograms of coarse sugar costing US$0.72 per pack. Fuziah explained that such practices are driven by the desire to increase profit margins, as the margin for standard sugar is often very thin.
Since the launch of Ops Manis in early May, seven investigation papers relating to conditional sugar sales have been opened. Fuziah stated that the issue has been successfully controlled through strict enforcement action.
Addressing the challenges faced by Malaysians due to rising prices, Fuziah highlighted the need to educate consumers about their power in the open market. She explained that Malaysians have the ability to influence supply and demand and that boycotting expensive items could lead to a drop in prices.
