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Trade Service
com reported on November 8, 2021 that the Ministry of Industry and Trade of Malaysia held a press conference on November 5 to introduce the supply and price changes of basic products in Malaysia
.
Mahamud Ould Mohamed, Minister of Industry and Trade of Malaysia, pointed out that due to domestic and foreign factors such as the turbulent security situation in the central and northern regions, abnormal precipitation, and rising international transportation costs due to the new crown pneumonia epidemic, the supply of basic products in Mali has been tight and prices have risen.
.
Mu pointed out that 70% of Mali's food needs depend on imports
.
In the first three quarters of 2021, the rice, sugar, edible oil and milk imported by Mali can only meet the demand for 4 months, 10 months, 7 months and 3 months respectively
.
As of now, the main importers' inventories of rice, sugar, milk and edible oil are only 50,000 tons, 33,000 tons, 6,000 tons and 8,000 tons, which can only meet the demand for 17, 58, 60, and 27 days
.
However, due to the efforts of the Malaysian government on tariffs, the prices of basic necessities such as sugar are cheaper than those in neighboring countries
.
In addition, the price of building materials generally dropped.
Among them, cement fell from 120,000 SF/ton to 90,000 SF in the first quarter; steel bars with diameters of 6, 10, and 12 mm also dropped by 150, 300, and 300 SF/piece respectively
.
.
Mu pointed out that 70% of Mali's food needs depend on imports
.
In the first three quarters of 2021, the rice, sugar, edible oil and milk imported by Mali can only meet the demand for 4 months, 10 months, 7 months and 3 months respectively
.
As of now, the main importers' inventories of rice, sugar, milk and edible oil are only 50,000 tons, 33,000 tons, 6,000 tons and 8,000 tons, which can only meet the demand for 17, 58, 60, and 27 days
.
However, due to the efforts of the Malaysian government on tariffs, the prices of basic necessities such as sugar are cheaper than those in neighboring countries
.
In addition, the price of building materials generally dropped.
Among them, cement fell from 120,000 SF/ton to 90,000 SF in the first quarter; steel bars with diameters of 6, 10, and 12 mm also dropped by 150, 300, and 300 SF/piece respectively
.
Mu said that the transitional government will continue to take measures to support the purchasing power of the people
.
For example, price limits are imposed on sugar, edible oil, rice, etc.
, prices are negotiated for bread, flour, and cement, and market supervision is strengthened
.
In addition, Mu hopes to improve the current situation through social measures such as currency conversion, wage increases, pension reform, and financing of labor-intensive industries
.
.
For example, price limits are imposed on sugar, edible oil, rice, etc.
, prices are negotiated for bread, flour, and cement, and market supervision is strengthened
.
In addition, Mu hopes to improve the current situation through social measures such as currency conversion, wage increases, pension reform, and financing of labor-intensive industries
.
