Sugarcane prices continue to rise, 18 stalls in food center closed down, only seven left in Singapore

Published 2024년 6월 22일

Tridge summary

The COVID-19 pandemic, inflation, and floods have led to a shortage of sugarcane, causing a significant increase in its price from over 20 yuan per box to a high of 38 yuan. This price hike has affected the sugarcane juice stalls in Marsiling Shopping Centre Food Centre, resulting in the closure of many due to the financial strain. Only seven stalls are now operating. Suppliers like 'Great Wall Sugarcane' and 'Tiantian Xinxian' have noted the challenges in sugarcane planting and the impact of the pandemic on labor, contributing to the market shortage. Sellers are finding it difficult to pass on the increased costs to consumers, facing challenges in balancing their business needs with consumer expectations.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Factors such as the COVID-19 pandemic, inflation, and floods have caused a shortage of sugarcane. The price has even risen from more than 20 yuan per box before the pandemic to a maximum of 38 yuan, making vendors lament that business is difficult. Among them, there were originally 18 stalls selling sugarcane juice in the Marsiling Shopping Centre Food Centre, but they have been closed one after another due to cost pressure in recent years. Now there are only seven stalls left. Ms. Wu (28 years old, clerk), a member of the public, has noticed that the overall price of sugarcane juice sold in hawker centers has been rising since last year. Regarding this situation, Mr. Chen (35 years old), the sales manager of the interviewed sugarcane supplier "Great Wall Sugarcane", pointed out that each box of about 20 kilograms of sugarcane was sold for more than 20 yuan before the pandemic. Later, due to floods and the pandemic, the price of sugarcane in Malaysia was reduced. The interruption ...

Source: Zaobao