Malaysia seafood prices expected to soar

Expect to pay a hefty price for big prawns and white pomfret this coming Chinese New Year.

Poor catch, due to adverse weather, and a surge in demand for the seafood have pushed up the prices between 20 and 40 per cent.

Although the festival is still a month away, the price of big prawns has gone up from between RMB 55 (USD 9.06, EUR 6.56) and RMB 60 (USD 9.89, EUR 7.15) per kg last month to RMB 80 (USD 13.18, EUR 9.53) per kg now. The price is expected to go up further as the celebration approaches.

Muar-Batu Pahat Fishermen Association chairman Ser Boon Huat said the price of white pomfret started at RMB 110 (USD 18.13, EUR 13.11) for a 1kg fish. For fish under 1kg, he said, the price was about RMB 90 (USD 14.83, EUR 10.73) each.

"So far, the price of white pomfret has gone up by about 20 per cent. It will continue to rise one week prior to the lunar new year," he said.

Click here to read the full story from New Straits Times >

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