The Domestic Trade and Cost of Living Ministry has warned Malaysian traders to comply with the Price Control and Anti-Profiteering Act 2011 (PCAPA). A spokesperson for the Profiteering Control Unit and Industry Compliance Division commented on a statement by the Consumers Association of Penang (CAP), claiming that vegetable prices had gone up more than 160% in the past month.
Its president, Mohideen Abdul Kader, said last week that the price of okra had increased from RM6 per kg to RM16 per kg, a rise of 166%. He added that other vegetables that had increased in price were long beans, which rose from RM6 per kg to RM12 per kg (100%), tomatoes from RM4.50 per kg to RM10 per kg (120%), green beans from RM6 per kg to RM12 per kg (100%) and eggplant from RM7 per kg to RM12 per kg (71%).
While the Ministry does not deny that there has been a rise in the prices of vegetables in Penang, it said conditions are still stable.
[ RM1 = €0.22 ]