12 Jun '11, 1pm

Malaysia seafood supply down 70% due to strike

Malaysia seafood supply down 70% due to strike

SINGAPORE: The three-day strike by some 500 fishermen in Malaysia is seeing rippling effects in Singapore. Seafood imports that came from across the Causeway on Sunday dropped by some 70 percent. Fish merchants told Channel NewsAsia they were not able to buy in their usual quantities. One of them said: "Supplies, like squid and small fish, have dropped by 90%." "We usually buy 13 to 18 buckets, but today we bought half that quantity," said another. The market at Hong Kah Point saw retailers packing up by noon, with more than ten stalls reporting a fall in supplies. Malaysia makes up about 20 percent of Singapore's seafood imports. Other sources include Indonesia, Thailand and India. If suppliers turn to these countries, the spike in demand could see prices rise temporarily. But these will be absorbed for the meantime, said Singapore Fish Merchants General Association.

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

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