Setting up a wholesale cooperative to reduce prices

Prime Minister, Datuk Seri Ismail Sabri Yaakob has proposed that cooperatives play their role to help reduce the prices of goods and to ease the financial burden on the rakyat and a better way is to set up a wholesale cooperative.

He said a wholesale cooperative can supply goods in bulk at lower prices to all cooperatives as they buy goods from wholesale shops such as rice and sugar at around 100 to 200 packets a month.

Ismail Sabri said if there is a special wholesale cooperative, they can buy in bulk, which will be cheaper, and if the price is cheaper, more people will buy at cooperatives.

There are about 1,500 cooperatives nationwide for the public to get basic necessities at cheaper prices and the government would also continue to implement various programs such as the fortnightly Malaysian Family Sale to help Malaysians.

But Ismail Sabri cautioned against early enthusiasm by people as he stated that the proposed setting up of a wholesale cooperative would have to be discussed in more detail with various quarters.

These include the Ministry of Entrepreneur Development and Cooperatives (MEDAC) and the Malaysian Cooperative Commission.




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