PM: Cooperatives Can Help Tackle Rising Price Of Goods

With concerns of rising food prices and essential goods, all sectors are advised to chip in to ease the burden of the people, Prime Minister Datuk Seri Ismail Sabri added that cooperatives nationwide could also play their role to help overcome the problem of rising prices of goods and reduce the stress and financial burden.

One of the ways this sector could assist is through the setting up of a wholesale cooperative to supply goods in bulk at cheap prices to all cooperatives enabling the people to get goods at cheaper prices.

“Cooperatives can play a role in helping to reduce pressure on the people. There are many cooperatives, but most of them buy goods from wholesale shops in small quantities, such as rice or sugar at round 100 to 200 packets a month. If a special wholesale cooperative, they (cooperatives) can buy in bulk, which will be cheaper. If the price is cheaper, more people will buy at cooperatives,” he said when opening the annual general meeting of the Bera District Smallholders Cooperative in Kampung Batu Papan here today.

The Prime Minister is suggesting the setting of a wholesale cooperative and would be discussing the matter with relevant quarters, including Entrepreneur and Cooperative Development Minister Tan Sri Noh Omar and the Malaysian Cooperative Commission (SKM).

There are currently about 1,500 cooperatives nationwide that sell goods and basic necessities at cheap prices, but plans are afoot to implement more programmes that can benefit the people including the twice-monthly Malaysian Family Sale in all the 222 parliamentary constituencies nationwide among them.

He said the government would also provide subsidy to farmers and breeders to help cushion the increase in the price of fertiliser and pesticides.

On the skyrocketing price of chicken, Ismail Sabri said the government had taken steps address the problem by importing the supply from China and Thailand.

Unfortunately, there are some quarters making false claims on the halal status of the imported chicken, he added.

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