Traditional coffee shop (Kopitiam) beverage price will be adjusted from January 1, 2022, and the average price will increase by 20 to 60 sen. Depending on the region, Kopitiam beverage prices in rural areas will increase by 20 to 30 cents, while those in urban areas will increase by 40 to 60 cents.
Faced with the pressure of operating costs, Kopitiam tauke can only choose to adjust the sales price of beverages. Kopitiam tauke pointed out that a cup of coffee up 20 sen, 100 cups of coffee only more than RM 20. This can only be considered a subsidy to the industry.
Kopitiam tauke revealed that condensed milk, evaporated milk, tea, coffee powder, gas, rent, staff wages are increasing, the industry has no choice but to choose from January 2022 to increase the price of beverages. However, there are still many Kopitiam tauke who dare not raise prices for fear of scaring away customers, and the industry can only reduce staff to lower the cost.
In addition, the wholesale price of seafood has also spiked frequently, and there have been several wholesale price increases over the past two months. There are several main reasons for the soaring prices of our seafood, namely labor shortage, monsoon season and other factors.
The fishing industry is heavily dependent on foreign labor and the government has frozen the import of foreign labor for several months. The lack of labor has reduced fish production, which directly affects the supply and demand in the market. The end of the year is the northeast monsoon season and the high winds and waves at sea prevent fishermen from going to sea to catch fish, which also results in less seafood available in the market.
Chinese people like to eat fish during the Lunar New Year, so it is believed that there will be a new round of price increase for seafood before the Lunar New Year.
