Govt in talks with industry to lower price of cooking oil

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ALOR GAJAH: Negotiations are being held with palm oil industry players to devise the best formula to quickly reduce supply prices.

Domestic Trade and Consumer Affairs Ministry secretary-general Datuk Azman Mohd Yusof said the price of cooking palm oil depends on the world market, which often sees fluctuations.

“The industry has actually agreed to help the government by taking into account the burden faced by the people to ensure that the price also goes down like the price in the world market,” Bernama reported him as telling the media after he inspected a factory producing toys yesterday.

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