KUALA LUMPUR – The Ministry of Domestic Trade and Cost of Living (KPDN) does not plan to impose any restriction or ceiling prices for the sale of vegetables following an expected price hike of up to 25% in the market.
Deputy Minister Fuziah Salleh said the ministry will monitor and take action based on the profiteering law if there are traders who raise the prices of vegetables excessively.
“KPDN does not impose restrictions or ceiling prices but we will monitor so that there is no profiteering.
“We have to understand the supply chain starting from the vegetable grower, the cost of production, transportation, in addition to wholesale and retail prices,” she said at a press conference yesterday.
She was commenting on the expected 25% increase in the price of vegetables in the market, following claims by vegetable farm operators who are now facing a shortage of foreign workers to the point of affecting supply. – March 19, 2024