Eight food items will be restricted from November 9 to November 15 as part of the Deepavali maximum price control scheme for the festive season, according to the Domestic Trade and Cost of Living Ministry.Large onions, Indian shallots, red chilies, lamb that has been imported with bones, Australian dhal, coconut (wholesale control price) and grated coconut (retail control price), and tomatoes are among the products.
Acting Minister Datuk Armizan Mohd Ali stated in a statement on Monday (Nov. 6) that “the price control is in addition to products which are already on the controlled items list.”According to him, the Deepavali price control is being implemented to guarantee price stability for traders and consumers alike.
“The price list, maximum price and the period of implementation is determined by several factors such as demand, supply, present cost, weather, foreign exchange rate, wages and other external factors such as the global economy,” he stated.
According to Armizan, industry participants, government organisations, and the Agriculture and Food Security Ministry were consulted in order to establish the price cap.He also mentioned that the Price Control and Anti-Profiteering Act of 2011 will be used to enforce the measure.
“You can check the maximum prices set at the wholesale and retail levels by visiting the ministry’s website at www.kpdn.gov.my.
“Enforcement officers nationwide will conduct checks at strategic locations such as public markets, agricultural markets and essential products stores to ensure consumers are protected from unscrupulous traders,” Armizan stated.
He stated that during the holiday season, the ministry will make sure there is an adequate supply of all controlled products.”We’re hoping that everyone will use the red labels for the controlled items and pay attention to the prices.
“Serious action will be taken against those who fail to comply,” he added.
