Malaysian traders warn of potential 50% price increase for essential food items amid rising fuel costs
As fuel prices continue to soar, Malaysian traders are warning of a potential price increase of up to 50% for essential food items. This surge in costs threatens to significantly impact businesses that are already grappling with narrow profit margins. Rosli Sulaiman, president of the Federation of Malaysian Hawkers and Traders Associations, has highlighted that traders have no choice but to raise prices due to increasing costs of raw materials essential for popular dishes, such as roti canai and nasi lemak. The alarming forecast comes on the heels of a consistent rise in food prices, which have already escalated between... [Continue Reading]
