Coconut Price Increase Drastic

The Consumers’ Association of Penang (CAP) is deeply concerned about the rapid increase in the price of coconuts sold in Penang markets.

CAP’s market survey conducted in Penang shows that the price of coconuts has gradually risen from RM2.00 to RM2.50, with larger-sized coconuts reaching RM3.30 each.

The increase in coconut prices has also led to higher prices for coconut milk, which has gone up from RM12.00 to RM14.00 and even to RM15.00 per kilogram, and the price of grated coconut has increased from RM8.00 to RM11.00 per kilogram.

Traders claimed that the problem began when the supply from other countries stopped. They also reported that many grocers and public markets have been struggling to secure supplies for the past two weeks, raising concerns about a potential shortage in the future.

CAP calls on the Federal Agricultural Marketing Authority(FAMA) and the Ministry of Domestic Trade and Cost of Living to conduct an immediate investigation into the price hike and supply shortage to determine if the price increase is justified.

Mohideen Abdul Kader
President
Consumers Association of Penang

 Press Statement, 23 December 2024