Choi Sun-hwa sells a traditional Korean side dish kimchi at her side dish store at a traditional market in Seoul, South Korea, on April 7, 2022.Profits at Ma Hong's spicy hotpot restaurant have been squeezed by about a fifth since he opened in downtown Beijing last year, crushed by beef tripe prices that have shot up by more than 50 per cent and the surging costs of other key ingredients.
Spiralling prices for ingredients and material that started with supply chain snags during the Covid-19 pandemic and are now being propped up by the war in Ukraine are squeezing businesses and consumers. "I have been working at this kitchen for the last 15 years," he said. "These days prices of rice and spices have gone up so much that poor people can't afford to eat it."At one of Jakarta's street food corners, nasi goreng vendor Syahrul Zainullah has reduced his servings of the signature Indonesian fried rice dish rather than raise prices or use lower grade ingredients.
Seo Jae-eun, a customer at Choi's store, quips kimchi should now be called "keum-chi", keum being Korean for gold.
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Less rice for the same price: inflation bites Asia's food stallsProfits at Ma Hong's spicy hotpot restaurant have been squeezed by about a fifth since he opened in downtown Beijing last year, crushed by beef tripe prices that have shot up by more than 50per cent and the surging costs of other key ingredients.'We sell it at the same price as before. Also with the impac
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Less rice for the same price: Inflation bites Asia's food stalls
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Less rice for the same price: inflation bites Asia's food stallsAsian restaurants and street food hawkers like Ma's face the tough choice of taking the hit from higher costs or passing them on and risk losing loyal customers. Households in Asia, where tasty and affordable street food is an integral part of society and the economy, are feeling the pressure the most. Mohammad Ilyas, a cook at a biryani store in Karachi, Pakistan, said the price of a kilogram of the seasoned rice dish, enough to feed three to four people, has doubled to 400 Pakistani rupees ($2.20).
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Less rice for the same price: inflation bites Asia's food stallsProfits at Ma Hong's spicy hotpot restaurant have been squeezed by about a fifth since he opened in downtown Beijing last year, crushed by beef tripe prices that have shot up by more than 50per cent and the surging costs of other key ingredients.'We sell it at the same price as before. Also with the impac
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »