MSM Malaysia to continue managing sugar price hedging, looks forward to new mechanism

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MSM Malaysia to continue managing sugar price hedging, looks forward to new mechanism
MSM MalaysiaSugarPrice
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PETALING JAYA: Men singles shuttler Lee Zii Jia battled his way to reach the quarter-finals of the Indonesian Open after taking down China’s Weng Hongyang.

will continue managing the hedging of sugar prices according to the market average as it looks forward to possible new mechanisms by the government to replace the temporary incentive for sugar producers.

He noted that from January 2022 until October last year, the joint industry has been subsidising almost RM500 million, and this certainly cannot continue. "And we do market average hedging at best. Of course, for the non-consumer side, it is all back-to-back. So, this is a kind of cost pass-through to the industry.

He stated that this initiative highlights the company’s dedication to ensuring a stable supply chain and driving sustainable business practices.

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