Face mask ceiling price may go down depending on supply, says minister
Wednesday, 05 Aug 2020 10:34 PM MYT
PUTRAJAYA, Aug 5 — The ceiling price for face masks, which will be reduced to RM1.20 from RM1.50 beginning August 15, may be further lowered depending on the supply situation, said Domestic Trade and Consumer Affairs Minister Datuk Alexander Nanta Linggi. “KPDNHEP is monitoring supply at the production, import and retail stages for the purpose of determining the appropriate maximum price reduction based on the current market situation,” he said in a statement today.
Nanta, meanwhile, said the ministry had also gazetted a ban on the export of the product under the Control of Supplies Regulations 2020 to ensure there is sufficient supply of face masks in the market to meet current demand.
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