MSM still in talks to raise sugar price by 40 sen
KUALA LUMPUR (May 15): MSM Malaysia Holdings Bhd, a 15.27%-owned unit of Felda Global Ventures Holdings Bhd (FGV), is still in talks with the government to increase the retail price of sugar by 40 sen per kg to ensure the group remains profitable.
"We are still talking to the government to increase sugar price (further), but we know the government [faces] difficulty in doing so. To me, we are trying very hard to work closely with the government," its director Datuk Zakaria Arshad told reporters after MSM's annual general meeting today.
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