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Malaysian market price of Chinese lotus root doubles

Malaysia imports lotus roots from China. The Malaysian market price for lotus roots recently went up, but is still as popular as ever with Malaysian consumers. Many importers reduced their import volume to reduce the risks during this pandemic, which means that the supply volume is smaller than usual which is why the price went up.

Consumer demand is somewhat smaller than last year because many Chinese Malaysian workers are unable to return home and celebrate Chinese New Year [12 February, 2021] during the pandemic. The overall market demand for import vegetables declined by around 60%. Among the many Chinese vegetables in the Malaysian market the lotus roots stand out. Their price increased by 100%. The prices of other vegetables, such as garlic shoots, carrots, and peppers, increased by 3-5 ringgit [0.74-1.24 USD] per 0.5 kg.

Some wholesale dealers say that Malaysian consumers generally choose Chinese vegetables, if the product quality is good, mainly because these vegetables are rich in nutrients, fresh, and crisp. The price of Chinese vegetables is higher, but they fit very well in the local cuisine. Other than local vegetables, Malaysian consumers usually cook with Chinese vegetables. Chinese vegetables keep quite well, and that is another reason why Malaysian consumers choose Chinese vegetables.

Huang Zhongxing, board member of the Nirwana Group, stated that Malaysian importers are hesitant to import large volumes this year. That is why the vegetable price is slightly higher this year. Prices increased by 16%-70% in comparison with last year.

Source: Eastcoast China Press


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