I wrote two years ago that between 1989 and 2009, sugar price in Malaysia had increased on average less than 1% yearly within that period. To be slightly more precise, it rose on average by about 0.8% per year. In 1989, sugar was priced at RM1.20 per kg while in 2009, RM1.45 per kg.
With the current price hike, I want to update that post.
Today, sugar is priced at RM2.30 per kg. That means that between 1989 and 2009, the price has increased on average by approximately 3.0% per year.
What is the average yearly increase rate between 2009 and 2011?
Roughly 28.2%.
2 replies on “[2361] 2011 sugar price compared to those in 1989 and 2009”
[…] as IÂ have shown earlier, sugar prices have increased by about 28% per year in the past two years. Other subsidized items like fuel that contribute to the Consumer Price Index […]
The problem are worst than that. Besides sugar being a monopoly business, the monopoly seems extend to all alternate sweetener. In addition, government refuse to make public whether food manufacturer are given huge subsidies on sugar. Alternate sweetener such as stevia are cheaper and lower in carbon foot print. It is rather strange Malaysia government still crave for this high calories carbohydrates.