The ceiling price for coarse granulated sugar and refined granulated sugar will be reduced by 10 sen per kg. Effective September 1 this year. The new price of coarse granulated sugar is set at RM2.85 per kg, while fine granulated sugar is set at RM2.95 per kg Announced by Minister of Domestic Trade and Consumer Affairs Datuk Saifuddin Nasution Ismail.
Based on our minister, the drop in sugar price is due to the falling trend in the price of raw sugar globally. “Hopefully, this reduction will spark a multiplying effect that would cause a reduction in the price of food and drinks in the market.” Said Datuk Saifuddin.
Datuk Saifuddin also stressed that the lower price of sugar should not be perceived as an encouragement in sugar consumption.