Malaysia: Tomato Prices Skyrocket by 400%

Penang, January 14 – The Penang Hindu Association (PHA) has raised concerns over the sharp rise in essential goods prices as the Chinese New Year and Thaipusam celebrations approach. Among the most shocking increases, the price of tomatoes has surged from RM1.60 per kilogram to RM8, marking a 400% hike.

Price Increases of Key Essentials

According to PHA President Muruga, a survey conducted at multiple retail outlets revealed significant price increases for seven staple goods compared to October 2024:

1. Tomatoes:

   • From RM1.60/kg → RM8.00/kg (+400%)

2. Imported White Garlic (China):

   • From RM5.00/kg → RM14.50/kg (+190%)

3. Indian Cardamom:

   • From RM92.10/kg → RM220.00/kg (+139%)

4. Black Sesame Seeds:

   • From RM10.00/kg → RM19.50/kg (+95%)

5. Coconut Milk:

   • From RM9.00/kg → RM15.00/kg (+66.7%)

6. Bru Coffee Beans (200g):

   • From RM13.50 → RM21.00 (+55.5%)

7. Coconuts (with shell):

   • From RM1.60/unit → RM2.60/unit (+62.5%)

Concerns Over Hoarding and Profiteering

Muruga highlighted the issue of coconut shortages, commonly reported during Thaipusam, which often leads to higher prices. He questioned whether hoarding might be contributing to the price surge, as retailers often claim supply issues during peak festive periods.

He also pointed out that while a 15-20% profit margin for retailers is reasonable, some merchants have been accused of inflating profits to 40-60%, worsening the financial burden on consumers, particularly the B40 income group.

Suppliers Blame Import Taxes

Suppliers and wholesalers have attributed the rising costs to:

1. Higher import taxes on essential goods.
2. Increased global commodity prices impacting local markets.

Impact on Consumers

The price hikes disproportionately affect the B40 community, leaving them with limited options but to cut back on essential purchases. The association has urged the authorities to closely monitor the situation and address potential profiteering, especially during critical festive seasons.

Call for Action

PHA has called on the government to:

• Regulate prices during festive periods to prevent exploitation.
• Review import taxes to alleviate the financial burden on consumers.
• Take strict action against hoarding and unethical profit-making practices.

With prices soaring, many households are finding it increasingly difficult to afford basic goods, dimming the festive spirit for the most vulnerable.