Govct will closely monitor reasons behind food price hikes, says Nanta

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KUALA LUMPUR: The Domestic Trade and Consumer Affairs Ministry is constantly monitoring the prices of goods, especially those involving food and basic necessities, including Gardenia Bakeries (KL), which will increase prices of most of its products from Dec 1.

, said that they would call the company Friday to obtain information on the cause behind the increase in prices.

"We hope with the information, we will be able to find a way for us to address the price problem," he said when met by reporters here on Thursday . "The Ministry has monitored and studied – we found that the reason for the increase in chicken and chicken eggs is due to the increase in operating costs of poultry companies. Most of the operating costs involve food costs which are almost 100% imported from foreign countries, such as corn and soy.

 

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