Cooking oil turmoil in Sarawak amid rush for 1kg bags
KUCHING: Sarawak is still likely to face a shortage in subsidised cooking oil when Chinese New Year comes around, a situation that could result in a costlier celebration as petty traders adjust the prices of their goods to cope.
The domestic trade, cooperatives and consumerism ministry (KPDNKK) had reported a shortage of the commodity in Sarawak and Sabah since last November.
In response, the ministry allocated 2,505 tonnes of cooking oil for the state, of which 315 tonnes were distributed in Miri.
However, the additional quota has proven to be insufficient, with the cooking oil shortage most evident in the lack of government-subsidised 1kg polybags.
“Everyone has been going for the subsidised cooking oil because there is an almost RM2 price difference (per kg).
“That’s a lot. The situation got worse last November,” said state opposition lawmaker Violet Yong.
8 Nov 2016
Cooking oil prices in Ipoh skyrocket
State Consumerism, Entrepreneur Development, Cooperatives, NGOs and Civil Society chairman Datuk Samsudin Abu Hassan said a five kg bottle is now priced at about RM20 compared to about RM13.35 before the subsidy was withdrawn.
“The price is too steep and the authorities should do something about this although it is determined by market forces,” he added.
4 Nov 2016
100 packets of 1kg cooking oil seized from noodle factory in Alor Star Read More : http://www.nst.com.my/news/2016/11/185770/100-packets-1kg-cooking-oil-seized-noodle-factory-
“We have seized the cooking oil worth RM250 as the factory operator, in his 50s, failed to produce a permit to keep that amount of the subsidised essential item,” he said in a press statement.
3 Nov 2016
IPOH: Some of the restaurant operators, food stalls and patrons in Perak are starting to feel the pinch, two days after the bottled cooking oil price subsidy was removed.
The owner of Greentown Dim Sum cafe, Judi Chin, when met yesterday said she will have no choice but to increase the price of all the food available in her cafe because the increase was high.
“As for now, the fried chicken costs RM3 here. However, I need to change my ‘strategy’. I’m left with no choice but to increase the price.
“If my (cooking oil) suppliers increase their prices, I have to do the same, or else I will have to bear the losses,” she said.
Owner of the famous Nasi Vanggey stall here, Mohamed Nihmathullah Syed Mustafa, said he has yet to decide on the matter and is taking a wait-and-see approach.
“If there’s too much of differences (between the old and new prices of cooking oil prices), we may have to do something.
Playing a wait-and-see game
GEORGE TOWN: Some eateries here will not be increasing the prices of their food just yet despite the higher cost of cooking oil.
Others are adopting a wait-and-see approach to the matter.
Restoran Sultania owner Ghazali Sultan Hanie said the restaurant had just increased the prices of its chicken and fish dishes two months ago.
“So we will not raise our food prices further. We may lose our customers if we frequently increase our prices,” he said when met at his restaurant in Queen Street here yesterday.
Char koay teow seller Tai Gim Teow, 71, said he would stick to his current price of RM4 per plate for now.
“I need at least two bottles of 5kg cooking oil every month and the new price of cooking oil will surely affect my monthly budget.
“I will see if I can cope with my current price and will think of raising it later if needed,” he said.
2 Nov 2016
Price of some cooking oil brands up by 60pct http://dlvr.it/MZFQrd
The removal of cooking oil subsidies has resulted in some cooking oil producers raising price of their products by about 60 percent.
According to Sin Chew Daily, the 5kg bottle of Red Eagle brand cooking oil was increased from RM14.70 to RM23.70 – a RM9 increase or 61.2 percent.
The daily said that the price of Red Eagle’s 1kg bottle increased by RM2.05 (57 percent increase) while its 2kg bottle increased by RM3.35 (46 percent increase).
Yee Lee Corporation Bhd, the manufacturer of the Red Eagle cooking oil, told the daily that the prices were determined by the price of palm oil.
“It looks like inflation, but in reality, it reflects the market price of palm oil,” said Lim Kok Cheong, the executive chairperson of Yee Lee Corporation Bhd.
Backbenchers want stronger control over cooking oil price http://dlvr.it/MZGWWn
Several backbenchers today uged stronger control and enforcement regarding the price of cooking oil.
They wanted this following the announcement of a price increase for cooking oil which has caused some panic buying.
Shamsul Anuar Nasarah (BN-Lenggong) said the Domestic Trade, Cooperatives and Consumerism Ministry must act to ensure consumers are not deceived and traders do not take advantage of the price hike.
“I ask people not to be influenced by any party who try to confuse them. This is actually an attempt to allow the cooking oil subsidy to be enjoyed by the people and the target group.
Cooking oil seized from mini market in Puchong http://dlvr.it/MZGWSS
The Domestic Trade, Cooperatives and Consumerism Ministry yesterday seized cooking oil from a mini market in Taman Putra Perdana, Puchong.
Its Sepang district branch chief, Mohamad Zaid Kamaluddin, said the operation by four members of the enforcement team at 3.15pm found 61 bottles of 5kg cooking oil and 388 packets of 1kg oil hidden at the mini market.
“The amount is different from the declared stock which is four boxes (17kg),” he said in a statement today.
1 Nov 2016
Perkara yg tidak didendang Najib ketika bentang belanjawan, ini akan di sebut sebagai rasionalisasi subsidi utk kaburkan tarik subsidi
No, they don’t believe the Authorities.
Minister Datuk Seri Hamzah Zainudin had said today, cooking oil, except for those sold in the 1kg polybag, will no longer be subsidised starting from next month.
28 Oct 2016
EXPECT MORE INFLATION
WE CAN EXPECT TO PAY MORE FOR COOKED FOOD AS HAWKERS RAISE THEIR PRICES DUE TO THE INCREASE IN THE PRICE OF COOKING OIL…
Hawkers tighten belt, frugal times ahead as cooking oil subsidy to be removed
As such, hawkers have claimed this was why they preferred the 5kg bottles as they need more than two or three packets.
27 Oct 2016
PETALING JAYA: Consumer groups are urging the government to work out a system to prevent abuse of the cooking oil subsidy for the poor.
They have expressed fear that unscrupulous people would find a way to profit by exploiting the subsidy on cooking oil sold in 1kg polythene bags.
Speaking to FMT, Consumers Association of Penang President SM Mohamed Idris said the government should impose a limit on the number of polybags a person could buy. Otherwise, he added, there would be people who would buy more than they would personally need and then use the oil for commercial purposes.
“Restaurants and rich households will buy them,” he said.
“If the subsidy is abused, then there is really no point in selling the oil at subsidised prices.”
He said CAP had recommended “a long time ago” that the government come up with a ration card to be given to the poor. “With that, they can buy goods that are subsidised.”
PETALING JAYA: The Malaysian Edible Oil Manufacturers Association (Meoma) wants more details from the government on how the new subsidy system and pricing for cooking oil works before deciding their next move.
The Star quoted the association’s executive secretary Andy Lee as saying they were waiting for further guidance and details from the Domestic Trade, Cooperatives and Consumerism Ministry (KPDNKK), and have yet to decide whether a production quota would be set for the 1kg polybag of cooking oil, which is still under subsidy.
Lee said it was up to individual companies and brand owners to decide on the new pricing for unsubsidised cooking oil.
The daily also quoted a source with direct knowledge of the industry saying that under the current (outgoing) system, each manufacturer was allocated a quote of refined cooking oil and they are free to decide in what quantities they wanted to pack their products in.
According to him, the subsidy rationalisation will see manufacturers forking out RM1,700 for a tonne of RBD(refined, bleached and deodorised) palm olein, which is RM400 more than the current price per tonne.
The daily also spoke to Zakaria Arshad, the CEO of Felda Global Venture Holdings Bhd, who said that shortages might occur if suppliers expect palm olein prices to rise.
He also warned of parties resorting to using recycled oils to get more profit.
“On a positive note, the subsidy rationalisation will result in healthy competition among producers.”
Stop the panic buy, 1kg cooking oil pack is still at RM2.50!
A spokesman said some of its customers, believed to be business operators, have been stocking up by buying repeatedly and paying at different check-out counters to avoid detection.Read More : http://www.nst.com.my/news/2016/10/183594/stop-panic-buy-1kg-cooking-oil-pack-still-rm250
Subsidy removed for cooking oil ! TQ
@NajibRazak . Rakyat are made to bail out Malaysia. Remember GE14 ! Punish BN like no other !
#cookingoil subsidy from next month, except those in 1kg polybag http://www.nst.com.my/news/2016/10/183436/no-more-cooking-oil-subsidy-next-month-except-those-1kg-polybag …
Malaysian consumers fry over cooking oil shortage
Assurances came from the Authorities that the subsidy for cooking oil will not be removed: Finance Minister II Johari Abdul Ghani yesterday denied that prices of cooking oil would go up saying: The people will not be affected and will continue to be subsidised.
Do people believe him?
Some supermarkets in Penang reportedly ran out of cooking oil by the end of yesterday, 20 October 2016.
21 Oct 2016
Cooking oil flies off the shelves http://dlvr.it/MVL3P1
All gone: Empty shelves at a supermarket in Sunshine Square, Bayan Baru, Penang.
GEORGE TOWN: Cooking oil subsidies have not been removed yet but some effects of the decision are already being seen.
Bottles and packets of subsidised cooking oil, for one, flew off the shelves at supermarkets here.
The public snapped up the items in many places following the announcement that prices would increase next month due to the removal of the subsidies.
Sunshine Wholesale Mart general manager Yee Kam Ming said there was an especially huge demand for the 5kg bottle of cooking oil yesterday at Sunshine Square in Bayan Baru.
“By noon, most of it was gone. We have ordered more from our suppliers. Hopefully, we will be able to stock up by next week,” he said.
A check at another supermarket showed shelves almost empty of cooking oil.
What are the implications of removal of cooking oil subsidies in Msia? Msia PM & FM due to present Budget today 4pm SG/MY time
PETALING JAYA: Following the announcement of an impending rise in the price of cooking oil, Malaysians have done the natural thing and stocked up on the product.
Bottles and packets of cooking oil were snapped up by consumers yesterday at various supermarkets and mini-markets across the country, The Star reported.
Yesterday, the Malayan Edible Oil Manufacturers Association (Meoma) said the price of some cooking oil brands would rise next month following the removal of the subsidy by the government.
The Meoma statement specified that the subsidies for the 500g, 1kg, 2kg, and 3kg bottles of cooking oil will be removed from Nov 1, and the 5kg bottle from Jan 1, 2017.
19 Oct 2016
#Updated Report: Cooking oil subsidies cut, price to increase
Prices of several categories of cooking oil will increase next month, said the Malayan Edible Oil Manufacturers’ Association.
This was according to a report by Oriental Daily, which stated that it was the result of the impending removal of cooking oil subsidies.
Affected cooking oil categories include the 500g, 1kg, 2kg, 3kg and 5kg mixed oil products as well as the 500g, 1kg, 2kg and 3kg pure palm oil products.
The 5kg bottled pure palm oil will continue to be subsidised until next year, according to the report.
The report states that a one kilogram bag of cooking oil is expected to rise from RM2.50 to RM2.90 by next month, while a 5kg bottle of pure palm oil will increase from RM13.35 to RM15.25 by January 2017.
Further details are expected to be announced during Prime Minister Najib Abdul Razak’s Budget 2017 speech this Friday.