Channel NewsAsia - 1 hour 10 minutes ago
Lunar New Year dinner prices set to rise by at least 10 per cent
SINGAPORE: Be prepared to dig a little deeper into your pockets this Lunar New Year.
Prices for restaurant dinners are set to rise by at least 10 per cent.
Seafood, eggs and duck meat are just some of the food items whose prices have increased by at least a fifth.
And though restaurants have tried to absorb the increase, they said customers should still expect to pay a little more.
The price of the suckling pig has seen the sharpest increase, which has more than doubled, from S$30 to S$80.
Restaurants said this is due to a shortage of supply from China.
Despite the price increases, restaurants said demand has not fallen.
Some are already fully booked for reunion dinner night. —CNA/vm
Channel NewsAsia - 54 minutes ago
Prices of suckling pigs double due to supply shortage in China
SINGAPORE: The prices of suckling pigs have doubled recently due to a drop in supply from China, and a 5kg pig is going for as much as S$180.
Restaurant operators said that more people in China can now afford suckling pigs. With higher local consumption, fewer are exported.
The Agri—Food and Veterinary Authority (AVA) has also stopped some of the five licensed pork suppliers from selling to Singapore after finding a banned antibiotic, known as Nitrofuran, in their pigs.
Between January and November last year, 108,300 suckling pigs were imported, down from 220,000 in 2006.
As prices were already fixed in December last year, restaurants have to absorb some of the price hike and expect lower profits this year. — CNA/ac