KUALA TERENGGANU: The price of a coconut here has doubled to between RM2 and RM2.50, caused by what retailers claim to be a shortage of the commodity.
The price has been between RM1 and RM1.20 previously.
A check by Bernama at the Pasar Payang here found not many traders selling coconut.
A trader, Kamariah Hassan, 40, said suppliers were selling coconut at a higher price due to a shortage. Nevertheless, coconut milk at the market still sells at RM9 per kg.
The Federal Agricultural Marketing Authority (Fama), when contacted, gave the assurance that it would ensure sufficient supply to keep the price stable.
State Fama director Hasan Jusoh said Fama would source supply locally and abroad, if necessary. — Bernama