Did traders exploit flood victims with price hikes?

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Traders Denied Widespread Profiteering Amidst Flood Crisis, Citing Isolated Incidents

Domestic Trade and Consumer Affairs Minister Datuk Hasan Malek has refuted claims that his ministry failed to curb profiteering during the recent severe floods, stating that any instances of price inflation were isolated. He asserted that his observations and those of his team in Kota Bharu indicated traders were selling essential goods at normal prices, contrary to media reports and public complaints.
Minister's Observations Contrasted with Media Investigations

Minister Hasan Malek stated that his direct observations in Kota Bharu revealed no significant price increases for basic goods. This assertion contrasts with findings from Malay Mail Online's own investigations, which indicated that many traders were indeed inflating prices. Specifically, the investigation noted instances where chicken was being sold at RM30 per kilogram and eggs had doubled in price, suggesting a more pervasive issue than isolated incidents.
Acknowledgment of "Few Bad Apples" and Call for Reporting

While rejecting the notion of widespread profiteering, Minister Hasan Malek acknowledged that such behaviour was limited to "a few bad apples." He urged the media to focus on the general reality of normal pricing rather than sensationalising the actions of a few. The minister also encouraged consumers to actively report any traders found to be engaging in exploitative pricing practices.
Deputy Prime Minister Acknowledged Complaints, Cited Lack of Control

Deputy Prime Minister Tan Sri Muhyiddin Yassin had previously acknowledged public complaints regarding price inflation in flood-affected states. However, he indicated that the issue was beyond the federal government's direct control. Online platforms, such as Facebook and WhatsApp, were flooded with numerous complaints detailing alleged exorbitant prices for items like petrol at RM15 per litre, whole chickens at RM38 each, instant noodles at RM10 per packet, and 1.5-litre mineral water bottles at RM8 each.
Government Initiatives to Alleviate Burden

In response to the difficulties faced by flood victims, the Agriculture and Agro-based Industry Ministry announced special sales of fish and vegetables in affected states. This initiative, led by Minister Datuk Seri Ismail Sabri Yaakob, aimed to ease the financial burden on those affected by the disaster by offering essential food items at more accessible prices.

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Did traders exploit flood victims with price hikes?

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