China sees garlic, cashew and mandarin prices increase
Chairman of Sibu Grocery Dealers Association, Yeo Keng Teck, confirmed this yesterday, saying the wholesale sale price for a 20kg pack, which used to cost an already high price of USD $40.13, was now USD $51.28.
“Generally, prices of imported food are rising, but for some, the hike is not as significant as garlic and a few others. The exchange rate plays a major role, while for some, climate change is another determining factor.”
For festive goods, Yeo said cashew nuts imported from India was another cause for concern, saying the nuts cost about 30 per cent more now.
He confirmed mandarin oranges had also arrived, and they are dearer as well – up by about 10 per cent.
“A box of 68 oranges at wholesale is now RM45, up from RM38; and a box of 58 oranges is now RM50 from RM44. Of course, it will cost more in the market.”
1 RM = .22 USD
