Lokam prices up by 40%

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GEORGE TOWN: The joyous arrival of almost 10,000 mandarin oranges – a must-have for Chinese New Year – is slightly tempered by the retail price, which will be up by as much as 40%, no thanks to the disruption to the global logistics chain.

“The upside is that people can expect the mandarin oranges, locally called lokam, to be sweeter this season, owing to less rainfall across farmlands in China,” said Sunshine Wholesale Mart marketing and communication manager Bryan Wong.

At the last Chinese New Year, the prices were RM12.98 , RM14.68 , RM16.98 and RM18.38 per 4kg crate. “The price hike is also because there is a drop of 15% in the lokam harvest this year, which caused an average price increase of 15% to 20%,” he said, adding that L and XL-sized lokam production had dropped by 30%.

“Vessel space is precious now. There is a global shortage of containers and missed shipments mean further delays. As such, many businesses and supermarkets ordered lokam to Malaysia much earlier to counter any eventualities.

 

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Tak payah makan

Great! Eat all you can for yourself!!!

If consumers don't consume, they have to consume it themselves.

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