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81% of sugar refiners’ operating costs came from importing raw sugar, followed by natural gas at 9%; other costs make up the 10% balance — which are also seeing an increase with higher freight charges and weak MYR
“This causes MSM and CSR to experience losses with the production cost 1kg of coarse sugar being 31% or 88 sen higher than the current ceiling price of RM2.85/kg ( wholesale ceiling price is capped at RM2.69/kg)