The Malaysia Competition Commission (MyCC) has not found any evidence of any one entity monopolising the supply chain for essential goods.
Domestic trade and cost of living minister Armizan Mohd Ali said MyCC has also not received any complaints about companies abusing their dominant position in the distribution of essential goods such as sugar, eggs and cooking oil.
“Continuous monitoring by MyCC has also found no existence of any single entity monopolising the entire supply chain for any of these goods,” he said in a written parliamentary reply.
He was responding to a question from Ahmad Tarmizi Sulaiman (PN-Sik) regarding action taken against monopolies in the distribution chain of essential goods.
Tarmizi claimed such monopolies have resulted in high prices of essential goods despite government subsidies.
Armizan said MyCC welcomed complaints or information from the public on any party suspected of abusing its dominant position, especially in the sugar, egg, and cooking oil markets.
