Prices of Lunar New Year goodies going up
Posted: 09 January 2008 2024 hrs
SINGAPORE: Prepare more cash for the coming Lunar New Year celebrations as prices of New Year goodies are rising, largely due to the 45 percent increase in the price of flour from Malaysia.
All 21 outlets of Sheng Siong supermarket are increasing the prices of their Lunar New Year goodies from Malaysia by 10 to 20 percent.
Supermarket chain NTUC FairPrice said Malaysia-imported New Year goodies make up 60 percent of the New Year products in their 82 branches around Singapore, and these food items will have a price increase of 20 percent.
But its goodies from Indonesia are not affected by the price increase.
http://www.channelnewsasia.com/stories/singaporelocalnews/view/321600/1/.html===============
Meanwhile up north in Malaysia:
With millers in the country being told to increase their production, there should be no shortage, said association president Datuk R. Ramalingam Pillai after meeting Domestic Trade and Consumer Affairs Minister Datuk Shafie Apdal.
“The ministry is also mounting checks on whether middlemen are hoarding and hoping to increase the price.
although the price of roti canai had not increased in many restaurants, its weight and size had shrunk.
http://www.thestar.com.my/news/story.asp?file=/2008/1/9/nation/19951095&sec=nation