Seafood soared by more than 50%, and it may soar again before the Chinese New Year.
According to the China Press, the chairman of the Persatuan Hoi Seong Kuala Lumpur, the wholesale price of seafood has been soaring recently. The wholesale price has been increased several times in the past two months, and some seafood has increased by more than 50%.
There are several reasons for the soaring seafood prices in my country. Reasons are lack of labor, monsoon season, and some other factors. The fishing industry mainly relies on foreign workers, and the government has frozen the introduction of foreign workers for several months. Fisheries also reduce their fish production in the absence of labor, which directly affects the supply and demand of the market.
In addition, the end of the year is the northeast monsoon season, and the sea is rough, and people engaged in fisheries cannot go fishing, which also causes the seafood on the market to decrease.
The Chinese prefer to eat fish during the Chinese New Year, so it is believed that there will be a round of increase in the price of seafood before the Chinese New Year. With severe inflation and the epidemic has not subsided yet, next year everyone can only have an ordinary Chinese New Year.
