Tue, 10 May 2011 05:26:43 GMT | By Sebastian Loh

Sugar price increases by 20 sen

Coarse and fine sugar will cost 20 sen more per kilo beginning Tuesday (May 10th), the government announced.

Stock Xchng (© Stock Xchng)

Stock Xchng

The new price is RM2.30 per kilo. The Star, a Malaysian newspaper, said the announcement was made by the secretary-general of the Domestic Trade, Cooperatives and Consumerism Ministry.

The official said the price increase was necessary to see the government's sugar subsidy reduced from RM400 million per year to RM116.6 million per year.

It's the first sugar price increase of this year - the previous one (also a 20 sen hike) occured in December last year.

To compare and contrast, here are the sugar prices in neighbouring countries:
Philippines: RM4.50
Indonesia: RM3.80
Singapore: RM3.61
Thailand: RM2.31

Are we paying too much? Too little? Just right? You decide.

Follow MSN Malaysia News on Twitter (twitter.com/mymsnnews) for breaking news in Malaysia and the world.

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