A survey carried out by CAP over the past few days has shown a significant increase in the price of Red Chilli, Long Beans, Lady’s Finger, Tomato and Beans. The prices have increased from between 20% to 70%.
With Chinese New Year around the corner, the above mentioned items will be in even greater demand. Some retailers even complain that several distributors and wholesalers have warned that prices could go up even further in the next few weeks.
CAP calls on the Enforcement Division of the Ministry of Domestic Trade and Consumer Affairs to carry out a crackdown on traders practicing this exorbitant price hike and to take action under Malaysia’s Price Control and Anti-Profiteering Act 2010, otherwise average income earners will be badly affected by escalating prices of goods.
Press Statement, 17 January 2020