Price of cooking oil will be based on market palm oil prices, says Annuar

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PETALING JAYA: Industry gamers have agreed that the costs of cooking oil will be based on the present market of palm oil costs, says Tan Sri Annuar Musa.

The process pressure to handle inflation chairman mentioned the transfer, which will be applied quickly, will assist scale back the costs of cooking oil in levels.

The Communications and Multimedia Minister mentioned that the duty pressure had engagement with the palm oil business gamers involving factories, packers and suppliers on July 11.

“This is a optimistic growth and an incredible instance of cooperation between stakeholders, which will profit the individuals,” he instructed the press on Thursday (July 14) after heading the duty pressure’s third collection assembly.

He additionally mentioned the duty pressure was constantly monitoring smuggling networks.

“If those that are concerned suppose they will get away with it, we will be sure that motion will be taken in opposition to such individuals,” he mentioned.



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