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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Government Education Search Search: Wholesalers dealing in dried seafood say business has been poor Channel NewsAsia - 2 hours 40 minutes ago SINGAPORE: The Lunar New Year is about a month away but wholesalers dealing in dried seafood have not much to cheer about. They said business has been poor for the past half a year. Dried seafood prices have been sliding. Compared to half a year ago, the price of canned abalone has dropped by five per cent. A can now costs between S$30 and S$50. Dried scallops, mostly imported from Japan and China, are 15 to 25 per cent cheaper. Despite the strong yen, prices have dropped to S$105 to S$175 per kilogramme. Prices of sharks’ fins have also dropped by five per cent, costing S$300 to S$1,000 per kilo. Prices of sea cucumbers have been volatile for the past few years but recently, prices have stabilised costing between S$200 and S$400 per kilogramme. Importers said that even though prices have dropped, consumers are still not buying. Apart from the economic uncertainty, the merchants have another concern. They may have to move out of the centre at Victoria Street as its lease ends next September. But the association said that no matter what happens, it plans to keep all importers together. — CNA/vm Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Singapore Cigarette butt found in Eu Yan Sang herbsChannel NewsAsia - 57 minutes ago Families of 2 Singaporeans killed in pub blaze in BangkokChannel NewsAsia - 1 hour 9 minutes ago Wholesalers dealing in dried seafood say business has been poorChannel NewsAsia - 2 hours 41 minutes ago Survey shows most firms still hiring fresh graduatesChannel NewsAsia - 2 hours 41 minutes ago Firms in tourism industry share tips in managing costs, manpowerChannel NewsAsia - Tuesday, January 6 Enlarge Photo Wholesalers dealing in dried seafood say business has been poor Most Popular – Singapore Viewed US steel industry in collapse, eyes government aid: report Israeli army moves on Gaza City as war toll passes 510 France leads alarm over Gaza, splits with US Rare Bugatti untouched for 50 years could fetch millions: report John Travolta's teenage son dies, autopsy planned View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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