Sugar price drops as govt weighs soda tax

Sweet treats: A worker rearranging soft drinks at a supermarket in Kuala Lumpur. — Bernama

PUTRAJAYA: The ceiling price for coarse granulated sugar and fine granulated sugar will be reduced by 10 sen per kg, as the government mulls a soda tax to promote a healthy lifestyle.

Announcing the new price – coarse granulated sugar at RM2.85 per kg and fine granulated sugar at RM2.95 per kg effective Sept 1 – Domestic Trade and Consumer Affairs Minister Datuk Saifuddin Nasution Ismail said the price drop was due to the global reduction in the price of raw sugar, as well as the rising cost of living.