1. Sugar is a controlled item in Malaysia. Retail price is fixed at RM1.45 per kg with GOM subsidizing RM0.60 per kg. This will cost GOM est. RM720mil in 2009.
2. Sugar price hike due to 1) India becomes a net importer (previously was a major exporter) due to reduced monsoon rain during planting season. 2) Brazil is expected to export less as production is affected by excessive rain
3. Retail price for neighbour contries (in RM/kg):
Malaysia - 1.45
Thailand - 2.35
Singapore - 3.43
Indonesia - 2.98
Philipines - 2.67
China - 5.69
Hong Kong - 4.91
Australia - 3.13
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2 comments
I like the short sugar pig with the hot tall blond, classic.
PBB or PPB ?!
When the 3rd largest bank in term of market capital start selling suger !?
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