Apr 17 2024, 02:18 PM
QUOTE(Roblox Malaya @ Apr 17 2024, 11:40 AM)
Govt is strange.
On one hand they do campaign to cut down on sugar use.
And then in November 2023 last year, govt then secretly gave a RM1.00 per kg subsidy for raw sugar to two private company totaling RM42 million per month.
When exposed in parliament, the MOF denied it was a subsidy but called it an "incentive".
https://www.nst.com.my/news/nation/2024/03/...asure-says-amir
Why is that strange?On one hand they do campaign to cut down on sugar use.
And then in November 2023 last year, govt then secretly gave a RM1.00 per kg subsidy for raw sugar to two private company totaling RM42 million per month.
When exposed in parliament, the MOF denied it was a subsidy but called it an "incentive".
https://www.nst.com.my/news/nation/2024/03/...asure-says-amir
They have to ensure supply doesn't dry up, especially for those that are using it in correct amounts. Manufacturers that are forced to sell at ceiling prices have the right to demand for subsidy provided with proper justification.
Meanwhile you try to influence demand reduction, when demand falls then supply can wind down accordingly.
The other way is just to immediately increase ceiling prices and allow market forces to dictate prices, but that further adds to inflationary pressures.
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