Taiwan: Vegetable supply will be increased to stabilize prices
Published Jan 16, 2023
Taipei, Jan. 15 (CNA) Taiwan's Agriculture and Food Agency has said it will increase the supply of vegetables this week to wholesale markets in order stabilize prices in the countdown to Lunar New Year's Day amid speculation of price hikes.
The agency's Deputy Director-General Yao Chih-wang (姚志旺) said that while fruit and vegetable wholesale markets will be off on Monday, fruit and vegetable trading will peak in the three days from Jan. 17-19 before the 10-day Lunar New Year holiday begins on Jan. 20. To meet the expected increase in demand, the vegetable supply to Taipei fruit and vegetable wholesale markets will be raised from Sunday's 1,672 tonnes to possibly more than 2,000 tonnes before the start of the holiday, Yao said, attributing the move as an attempt to stabilize prices. The average price of vegetables traded at Taipei fruit and vegetable wholesale markets stood at NT$35.2 (US$1.16) per kilogram on Jan. 10, the first market day of the week, and dropped to NT$30.1 per kg on Sunday, representing a 14.5-percent price drop, according to data on the agency's official website. On Sunday, the average price of leafy vegetables was NT$19.9 per kg in Taipei, down by NT$7.1 or 26.5 percent from the average price of ...