The surge in demand during the festive season has been identified as a key factor contributing to a shortage of refined sugar in the market. This situation has been worsened by traders restricting sales to ensure adequate stock in their premises while awaiting new supplies.
Malaysia’s sugar problem
Datuk Azman Mohd Yusof, the Secretary-General of the Ministry of Domestic Trade and Consumer Affairs (KPDN), confirmed that major sugar producers have been complying with the directive to provide 42,000 metric tons of sugar each month. Despite reports of limited sales in certain locations, Azman stated that there is no actual shortage of sugar supply.
He explained that some traders voluntarily limit sales to maintain sufficient stock in their premises amid increased demand during the festive period. Azman made these statements during a press conference held after the launch of the Maximum Price Scheme for the Gawai Dayak 2023 festivities.
The scheme regulates the prices of various goods, including chicken, garlic, cabbage, potatoes, and pork.
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