Wholesale cooperatives may be solution to ease rising prices of goods - PM

Wholesale cooperatives may be solution to ease rising prices of goods - PM. [Newspaper] (2021)


BERA: Cooperatives across the country can play a role in helping ease the burden faced by the people by purchasing essential goods in bulk before offering them at a lower price to consumers, said Prime Minister Datuk Seri Ismail Sabri Yaakob. He said the setting up of a "special wholesale cooperative" will allow cooperatives to buy in bulk (from special wholesale cooperatives) before selling the essential goods in smaller quantities to their respective members or the public. "I was told that there are about 1,005 cooperatives in the country. The cooperatives usually buy from wholesalers in small quantities — for example, rice packets ranging between 100 and 200 a month. "With the 'special wholesale cooperatives', they (cooperatives) can purchase in bulk at a discounted price and offer to consumers at a cheaper rate," he said in his speech when opening the Bera smallholders cooperatives annual general meeting at the Nurulsallam mosque hall in Kampung Batu Papan near here today.

Item Type: Newspaper
Keywords: Cooperative entrepreneurship, Bulk Purchase, Cooperatives, Eessential goods, Customer concentration
Taxonomy: By Subject > Business & Management > Economics
By Subject > Business & Management > Marketing
By Subject > Entrepreneurship > Business Planning
Local Content Hub: Subjects > Entrepreneurship
Depositing User: Jamil Jawi
Date Deposited: 13 Dec 2021 09:34
Last Modified: 13 Dec 2021 09:34
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