Chinese New Year boosted fish prices, not export ban of Malaysia
Expected usual price of fish is getting raise along Chinese New Year with not occurred differently previous years.
Daniel Pe, chairman of Punggol Fish Merchants Association, said that such bans have been imposed for the past few years and industry players have adopted workarounds to deal with the potential shortfall.
“During the normal season, some of the merchants actually keep and freeze (the fish), so it doesn’t really affect ... the prices,” he said.
Then he continued saying that “The increase of fish prices during Chinese New Year, which falls on Feb 5-6 next year, is generally because of high demand rather than any bans imposed by the Malaysian government.”
Belinda Lee who is vice chairperson of the Seafood Industries Association Singapore said “Fish merchants already have some of these fish on “standby” in anticipation for the increase in demand over the Chinese New Year Period.
“There is no need to panic. It is the usual matter or problem that we’ve faced for the past five years.”