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Malaysia Implements Measures To Avert Sugar Shortages

The Malaysian government is actively conducting assessments and taking immediate action to prevent a potentially larger disruption in the local market's supply of refined white sugar in the upcoming year, according to a statement made by Datuk Mohd Armizan Mohd Ali, Minister of Domestic Trade and Consumer Affairs.

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Malaysia Implements Measures To Avert Sugar Shortages

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  1. Malaysia Implements Measures To Avert Sugar Shortages The Malaysian government is actively conducting assessments and taking immediate action to prevent a potentially larger disruption in the local market's supply of refined white sugar in the upcoming year, according to a statement made by Datuk Mohd Armizan Mohd Ali, Minister of Domestic Trade and Consumer Affairs. Tradologie.com is a next-generation, globally verified, transaction-oriented SaaS platform for B2B commodities that connects bulk buyers and bulk sellers of commodities, primarily of branded food and agro-commodities. Sugar producers and sugar sellers can easily get the best price on the platform if they sell sugar in bulk while buyers can buy sugar in bulk from vendors across the globe. There are no middlemen involved, and the company facilitates the entire process, which guarantees maximum profits in the shortest time-frame. Initiatives Undertaken These programs are deliberately designed with stability in the sugar supply in mind, taking into account fair pricing factors. The government is currently investigating long-term fixes to the problems with the current sugar supply. Minister Armizan clarified that the government solely regulates the price of refined white sugar at this rate without providing subsidies to manufacturers, attributing the disruption in the supply of refined white sugar priced at RM2.85 per kg to the increase in global raw sugar prices. He emphasized that, as of July, import permit requirements have been loosened by the Ministry of Domestic Trade and Consumer Affairs (KPDN), enabling unrestricted imports of sugar. To help with

  2. the sourcing of raw sugar at competitive prices, 43 companies have been granted import quota approval permits, totaling 557,080 metric tonnes. Only 5% of the nation's sugar supply had been successfully imported as of December 12, mostly for personal use, despite these efforts. Minister Armizan emphasized that the KPDN is still willing to conditionally relax import permit restrictions and extended an invitation to any interested party to submit an application for immediate approval in order to import and sell refined sugar for RM2.85 per kilogram. If you are a sugar importer wishing to import sugar in bulk or a sugar exporter willing to export bulk sugar, then Tradologie.com is the right platform for you. Tradologie.com facilitates bulk agro-commodity sales and procurement across the globe. Through tradologie.com’s interface, buyers can avail the best qualities of agro-commodities in bulk at negotiable rates. The transaction oriented platform has 700,000+ verified buyers and about 70,000+ registered sellers of agro-commodities from over 100 countries. To register as a buyer, click here. To register as a seller, click here. To stay updated with the latest happenings in the agro-trade industry, follow Tradologie.com across all social media channels.

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