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Sugar prices spiked in the 1970s because of Soviet Union demand/hoarding and possible futures contracts market manipulation. The Soviet Union was the largest producer of sugar at the time. In 1974, Coca-Cola switched over to high-fructose corn syrup because of the elevated prices. [6] [7] [verification needed] Sugar prices 1962–2022
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On 1 December 2014, the government of Malaysia officially ended the subsidy of all fuels, taking advantage of low oil prices at the time, potentially saving the government almost RM20 billion ringgit (US$5.97 billion) annually. A managed float mechanism has been put in place where prices would adjust according to the market rate. [4]
Thailand reversed a hike in sugar prices within days, imposing price controls for the first time since 2018. Anantasuk said this would discourage farmers from growing sugar by capping their income.
A system of sugar tariffs and sugar quotas imposed in 1977 in the United States significantly increased the cost of imported sugar and U.S. producers sought cheaper sources. High-fructose corn syrup, derived from corn, is more economical because the domestic U.S. price of sugar is twice the global price [ 66 ] and the price of corn is kept low ...
Edisi 7 (Malay) (Daily from 7:30 pm to 8:00 pm) (Effective in December 2020, broadcasting timeslot change to 12:00 pm to 12:30 pm, instead of previous broadcast timeslot which is from 7:30 pm to 8:00 pm.) (Ended on 17 February 2021, replaced by Buletin Didik broadcasting daily from 7:30 pm to 8:00 pm)
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The company went public in 1972 and has since ventured into other industries, although it exited the sugar business in 2009. Today, its main business is the supply of flour to downstream food producers. Its subsidiary, FFM, is the largest flour miller in Malaysia. The Kuok family retains control of the company with a 50.8 percent shareholding.