If you have a sweet tooth, then this might just be good news for you! The government has announced that starting from September, the ceiling price for coarse granulated sugar and refined granulated sugar will be cheaper by 10 sen per kg. The Star reported that come September 1, the new price for coarse granulated sugar will […] As such, we think there is a risk it may consider reviewing and potentially lowering the ceiling price of refined sugar in view of lower raw sugar prices, which will be a negative for MSM.” For its first financial quarter ended March this year, MSM registered a net profit of RM15.81 million on revenue of RM549.06 million. Price Ceiling, But Not a Floor. Sugar price behavior in 1999-2000, with prices falling so far below forfeiture levels, sadly reinforced the fact that the sugar loan program has long functioned as a price ceiling, but not as a floor. Only the 10% of sugar production that was forfeited in 2000 achieved the intended price floor; much of that crop