Vegetable, Seafood Prices Expected To Spike For CNY 2023
Author Avatar
(Image: Malay Mail/Shafwan Zaidon)

Malaysians will likely need to pay more for their vegetables and seafood in the upcoming Chinese New Year in January 2023, due to expected floods during the approaching monsoon season. Malaysia’s monsoon season is predicted to begin in mid-November 2022.

Farmers have warned that the supply of vegetables could be reduced by up to 15% as produce planted on the lowlands would be destroyed in floods. Meanwhile, the president of the Kuala Lumpur Vegetable Wholesalers’ Association, Wong Keng Fatt said that supply may likely only return to normal in February.

“Any flood later this month and the next will definitely affect the supply of vegetables in January, and that in turn, will cause prices to skyrocket when the lunar new year demand kicks in,” said Wong. Wong’s sentiment is also shared by the president of the Federation of Vegetable Farmers Association of Malaysia, Lim Ser Kwee.

Aside from vegetables, the supply of fish, too, is expected to plummet and cause prices to increase during Chinese New Year in 2023. Chairman of Kuala Lumpur Hoi Seong Fish Wholesaler Association, Sing Kian Hock said that although the supply is currently adequate, seas will turn unpredictable or rough during the monsoon season, which will then cause most fishermen to avoid going out.

(Image: Bloomberg)

Sing further said that this situation could be made worse by seafood restaurants, as they would buy up selected catches – such as the highly coveted black pomfret – directly from the fishing boats via contract. “They are snapped up [by the restaurants] as soon as the boats dock,” he said, adding that this will add to its scarcity.

Chairman of the Deepsea Fishermen Association, Mohd Yusery Mohd Yusoff also urged customers to start stockpiling their favourite seafood for Chinese New Year now instead of waiting to buy them closer to the date. “The weather is unstable right now, so anyone wanting their favourite festive dishes should start stocking up now. Otherwise, tiger prawns that cost around RM60 to RM70 per kg now may go up to RM150 or more later,” he shared as an example.

The Chinese community will celebrate the Lunar New Year on 22 January 2023.

(Source: The Malaysian Insight, Yahoo Malaysia)

0 0 votes
Article Rating
SHARE

Comments (0)

Subscribe
Notify of

0 Comments
Inline Feedbacks
View all comments
Most Viewed Articles
Post Image
Personal Finance News
Petrol Price Malaysia Live Updates (RON95, RON97 & Diesel)
RinggitPlus
- 28th January 2026
We provide weekly updates on every Friday at 5pm on the prices of RON95, RON97 and Diesel in Malaysia and a chart that shows the movement of fuel prices across a 6-week period. Bookmark this page now!
Post Image
Personal Finance News
ASB FY2025 Distribution: What The 5.75 Sen Payout Means For Unitholders
Samuel Chua
- 22nd December 2025
Amanah Saham Bumiputera, or ASB, unitholders will receive a total income distribution of 5.75 sen per unit [PDF] […]
Post Image
Personal Finance News
Ryt Bank Retains 4% Savings Rate And Launches New PayLater Feature
Christina Chandra
- 25th November 2025
Ryt Bank has announced that it will maintain its competitive 4% per annum savings rate while introducing fresh […]
Post Image
Personal Finance News
Another RM100 SARA Aid For Malaysians From 9 Feb 2026
Samuel Chua
- 5th January 2026
Around 22 million Malaysians aged 18 and above will receive another RM100 under the Sumbangan Asas Rahmah, or […]

Related articles

Related Posts Image
Related Posts Image
Related Posts Image
Related Posts Image