01 Feb '11, 3pm

Fresh food prices up at least 20%

Fresh food prices up at least 20%

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: "Price...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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