PETALING JAYA: Restaurants and bakeries are mindful of having to increase their prices, should the price of sugar be raised.Restaurant & Bistro Owners Association vice-president Jeremy Lim said while sugar was just a small component of the total food composition used by them, any price increase would still impact operators.
PETALING JAYA: While raising the ceiling price of sugar may reduce its consumption and promote healthy living, the government must also ensure that inflation is controlled, say economists.
Consumers are already bearing the brunt of the high prices of edible oil, wheat and rice for the Russia-Ukraine war and unfavourable weather conditions on the domestic front.
In a statement, the government said that with a view to maintain domestic availability and price stability of sugar in the country during sugar season 2021-22 (October-September), it has been decided to regulate the sugar exports with effect from June 1.