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Co-operatives could be used as vehicles to fight middlemen, says Annuar

Anual Musa, chairman of the Special Task Force on Jihad Against Inflation, said cooperatives could be used as a tool to combat intermediaries seeking to make excessive profits.

Annuar, who is also Minister of Communications and Multimedia, said the move would shorten the supply chain from manufacturers to retailers.

“This means that there is a direct way from producers and packaging manufacturers. You can distribute directly to retailers through the stores you own.

“They[cooperatives]also guarantee that the price will be 15 to 20 percent lower than the current price. He told reporters after checking the prices of goods at a supermarket.

He was commenting on Prime Minister Ismail Sabri Yacoub’s call to the Ministry of Agriculture and Food Industry to continue the fight against intermediaries carried out eight years ago.

Ismail said this effort should continue through strategies such as purchasing padi, establishing fruit collection centers and increasing farmers’ and fisherman’s markets.

Annuar said he was happy to see some supermarkets starting to cut prices on bottled cooking oil, but the price cap for non-subsidized goods will only come into effect on Monday.

“I know supermarkets such as Mydin have started selling 5kg bottles of cooking oil at RM32.70 each, which is a good move. I hope other chains can do the same.” I am,” he said.

“We don’t have to wait until August 8th because we know some shares were bought when the price was low.

“The RM34.70 price limit takes into account two things: the average July price and a certain premium added to that price.” – Bernama, 6 August 2022.



https://www.themalaysianinsight.com/s/395050 Co-operatives could be used as vehicles to fight middlemen, says Annuar

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