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Price increase of foodstuffs from China expected in CNY

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Nene.

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Nanyang Siang Pau reported that foodstuff from China were expected to go up by between 40% and 60% this Chinese New Year.
Among these goods were red dates, mandarin oranges, sugarcane, mushrooms, scallops, pistachios and canned food.

The daily said the increase was due to the rise in the costs of labour and the numerous incidents of natural disaster in China this year.

Malaysia Foodstuff Import and Export Association president Datuk Chuah Poh Khiong said the price for pistachios was higher by about 60%, between 30% and 40% for scallops, 30% for mushrooms and about 20% for red dates.

“The price of mandarin oranges will also increase by between 40% and 50% per box due to supply in China falling by half,” he said.

 
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