PETALING JAYA: The Malaysian Competition Commission (MyCC) says it is aware of the various issues surrounding the supply and sale of sugar within the market, especially hoarding.
It said there were also practices of conditional sale and refusal to supply by certain players in the market.
MyCC urged all players in the sugar industry, from downstream to upstream, not excluding producers and wholesalers to re-evaluate their conduct or policies to ensure their activities are in line with the relevant laws, especially the Competition Act 2010. "Additionally, it is prohibited under Section 10 of the CA 2010 for any significant players within the sugar market to refuse supply or sale on purpose to any buyers," he said.
"It is pertinent to note that MyCC possesses the authority to impose financial penalties independently, not withstanding any enforcement actions imposed under other relevant laws enforced by the Domestic Trade and Cost of Living Ministry , such as the Control of Supply Act 1961.
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