16 Jan '11, 1pm

"Bak kwa" prices going up

SINGAPORE : Chinatown is bustling with shoppers on the first weekend of the annual Lunar New Year street market. Sales activity is high with just two weeks to the Year of the Rabbit. This year's street market has almost 600 stalls. Competition is stiff with many selling the same items, but stall-holders are not worried. Some say business is up by as much as 30 per cent compared to last year. "Because the economy is good, people want to buy more goodies for the New Year," said one shopper. "Bak kwa" or dried barbecued pork is among the bestsellers and may soon hit a record S$50 a kilogramme. Some retailers say they have to raise prices to offset the higher cost of pork and sugar. "It's for a gift, so what can I say? People like to eat bak kwa, it's a gift that must be bought," says a shopper.

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

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