Mandarin oranges to cost more this Chinese New Year
Prices likely 10% to 20% higher due to supply shortage from China
Published on Jan 8, 2014 7:55 AM
Be prepared to pay more for mandarin oranges this Chinese New Year.
Fruit wholesalers said prices of the festive fruit are expected to rise by 10 per cent to 20 per cent from that a year earlier due to a supply shortage from China caused by droughts.
Ms Xie Li Fen, who is in charge of sales at wholesaler Bee Seng Fruit Supply, said the price of a 20-piece pack of lukan oranges may go up from $12 to $14 this year. Her firm does not plan to import more oranges from other countries to make up the shortfall. The 39-year-old added: "This year, retailers had to place their orders with us earlier to ensure they can get the stocks."
Supermarket chain Sheng Siong said its supply is not affected though the Chinese harvest of the fruit is down slightly. "Prices for small oranges remain stable... but prices for big-sized oranges will increase this year by 5 per cent to 10 per cent."
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here