Malaysia’s food prices could rise by 50% as fuel costs soar, traders warn
The energy crisis caused by the Iran war could push food prices up by as much as 50 per cent in Malaysia, trade associations have warned, as soaring fuel costs threaten to wipe out already narrow margins for roadside stalls and restaurants feeding the country’s outsize appetite for eating out. Malaysia’s government coffers have already taken a hit due to fallout from the conflict, with local fuel subsidy costs estimated to spike by more than fourfold to about 3.2 billion ringgit (US$795 million)...المصدر: South China Morning Post | Source: South China Morning Post
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This article was originally published by South China Morning Post. Khabr is a licensed Jordanian AI-powered news platform (Registration #82086). We add editorial value through: AI-powered news analysis, automated summaries, AI audio narration, multi-language translation (Arabic, English, French, Turkish), and AI fact-checking. Our mission is to make news more accessible and understandable for Arabic-speaking audiences worldwide.
