Friday, June 16, 2006

It's still the sweet deal, for now

So, FOMCA's suggestion has been noted but the gomen decides to adopt a wait and see.

Deputy Domestic Trade and Consumer Affairs Minister Datuk S. Veerasingam said, "If we can manage to get the industries to buy a portion of the open market sugar, then we need not increase the price. We can always sell at the same price to the public until 2008."

Meanwhile, there are others who's equally not amused by that silly suggestion.

IPOH: The Kinta Consumers Association took to task the president of the Federation of the Malaysian Consumers Associations (Fomca), N. Marimuthu, for suggesting a 30 sen increase in the price of sugar.

Association vice-president N. Prebakarran Nair said: "It is absurd for Fomca, which is supposed to protect the interests of the consumers, to make such a negative suggestion. Consumers already have to dig deep into their pockets with the fuel and electricity price increases and it would be unfair to raise the price of sugar as well."

He was commenting on the suggestion by Marimuthu that the price of sugar be raised by 30 sen to RM1.70 per kilo .

Sugar, a controlled item, is now sold at RM1.40 per kilo in loose form and RM1.45 in packets.


There must be some morbid fascination with the figure 30 sen when it comes to hiking prices of essential goods.



Blogger Fashionasia said...

I remember "someone" promised that the oil price increase will not cause other price increase...
Well, looks like its just another lie.

17/6/06 15:04  
Blogger Anak Merdeka said...

Logic tells us that oil price increase will have a major impact on goods & services, so that's a pretty brainless promise to make.

Anyway, we might be treated to more lies and byes soon.

Btw, did you give hubby a SWEET Father's Day today?? :)

18/6/06 08:49  
Blogger Fashionasia said...

looks like the Gov is gonna consider increasing Gas too!plea frm petronas worr..! (star papers today)

not father yet! so noneed to celebrate!! just got married last year maa :>

18/6/06 23:21  
Blogger Maverick SM said...

It is inevitable that once the nation had decided to allow monopoly to a single individual, artificial shortages can be created and thus forces black-market trading and ultimately the government had to adjust the price by allowing an increase.

Pak Lah's govt had no solution to the problem. When he allowed petroleum prices increases, electricity tariff hike, and soon, water rates had to go up as agreed with SYABAS, IWK will also need increase, the inflation index had to go up by two notch.

The nation had to brace for consumer lack of consumption power and ultimately the economy had to tail-spin.

19/6/06 01:11  
Blogger Anak Merdeka said... Oops! hehehe. Maybe next year huh?? lol

Mave: This sugar shortage business is probably a percursor for nastier things to come.

Yesterday, I got news that it was a fruitless hunt for the usual 1kg bag of sugar in the WHOLE of Seremban town! This essential commodity has practically disappeared from the shelves. And overheard at the checkout counter of a major supermarket, makcik telling another to start hoarding rice, cooking oil & what not.

I dunno whether it is true or not but I heard a nasty rumour that there's a conspiracy to create panic among consumers that major food items will see a price hike by next month. Maybe I shud not say this to fuel the fire but the thing is, someone said it is to mount public anger at AAB's govt. And looks like it is working. I heard lotsa angry talk directing at the leadership with fuel & electricity hikes being blamed for every woe that has hit them hard on the pockets.

Personally, I don't use much sugar in my household but I think it is ridiculous the way many people are panic-buying the stuff for fear of a price increase.

And this creates an opportunity for other commodity traders to jump on the bandwagon soon. And with this new distraction, are we seeing the power play shifting into the next gear?

19/6/06 08:44  

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