Fresh food prices up at least 20%

Fresh food prices up at least 20%
By Evelyn Lam | Posted: 01 February 2011 2345 hrs

SINGAPORE : The surge in fresh food prices just before Lunar New Year is a common occurrence, but prices have gone up by at least 20 per cent across the board compared to the same period last year.

At a Chinatown wet market, one butcher said prices have risen because of a reduction in the supply of pork.

She said: "Very expensive, ridiculously expensive! Recently there were floods in Australia, so a lot of the supply didn't come to Singapore. And it turns out they are now competing with us for pork from Indonesia."

Fish saw the biggest price hike. One fishmonger said items like the red snappers cost as much as 40 per cent more this Lunar New Year.

She said: "Red snapper is the most expensive. But today, prices went down a little because many vendors didn't go to the wholesalers today. They said the fish was too expensive and customers weren't buying."

Another added: "Prices went up by a lot... 60 to 70 per cent more because of the strong wind! It's been raining every day in Singapore, and out at sea, it's even rougher!"

Heavy rains this week also kept shoppers away and some vendors are responding with lower prices to attract customers.

One vendor said: "Massive sale! Sell out and we're going home!"

Most are not following the yearly tradition of operating through the night till the morning of Lunar New Year's eve.

A fishmonger said: "How to sell all night? Everyone is staying at home because of the rain!"

However, shoppers are still feeling the pinch.

A lady customer said: "It's more expensive this year - about 20 per cent."

Another said: "I didn't count last year, but this year, S$50 went quickly!"

However, some vendors are quick to reassure customers.

One seller said: "Roast chicken S$15! ... There's a bit of a price increase, but it's normal for the New Year!"

Most vendors said they are confident they will be able to clear stocks and close early for the holidays because of the economic upturn.

- CNA/al

- wong chee tat :)