PETALING JAYA: Messages of congratulations poured in for Malaysian-born billionaire and businessman Tan Sri Robert Kuok who celebrated his 100th birthday.
Supply and demand: With the shortage of local rice, manufacturers are forced to use imported rice which in turn could lead to an increase in price. — LOW LAY PHON/ The Star
“Most of us are small-scale production factories, and with local rice supplies unavailable, we had no choice but to turn to imported rice,” he said.“In the face of a rice shortage, reducing production by 30%, we anticipate potential supply disruptions for small-scale factories in the next two weeks,” he said.
“We understand the struggles faced by hawkers. If we increase our prices, they will do the same, and consumers will be burdened by rising food costs.“If we have to adjust prices, we won’t make a significant increase, perhaps just a 20sen increase per kg. Currently, we are observing the situation and hope not to raise prices,” he added.
Chaang said industry players are not planning an immediate price hike and are closely monitoring the situation. “I ordered a plate of fried kuey teow and it cost RM8. Furthermore, the prices of certain food items fluctuate from week to week, making it challenging for consumers to manage.
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