Russia's prime minister on Monday signed a decree banning the export of white and raw sugar until Aug. 31, and banning wheat, rye, barley and maize exports to neighbouring Eurasian Economic Union states until June 30, a government statement said.
Ramadan coming soon, market open back, mamak can niaga 24hours, all F&B & Hotels start recovering, more tourist pour in, they come for ASIAN variety food in Malaysia, with a little food inflation going around, it is a good mixture of Support for MSM price for sure.
Sugar is a price control item. With raw materials going up,msm may not be able to avoid a loss. If the pricing is not allowed to review than the worse is yet to be seen.
As expected it made a loss of 27+m. The next q wouldn't be much better with raw materials on the up trend and sugar prices cannot be revised, because is a control items.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
newuser999
191 posts
Posted by newuser999 > 2022-03-04 16:17 | Report Abuse
dont catch the falling knife...