Monday, December 16, 2019

Chinese Vegetarian Festival pushes up veg prices

Oct 07. 2018
Facebook Twitter

By The Nation

4,720 Viewed

Vegetable prices have climbed up by a few baht per kilo ahead of the Chinese Vegetarian Festival, which will officially kick off tomorrow.

Vendors at a fresh market in Bangkok believed vegetable prices would soar even higher during the festival, which will run till October 17. 

The price of a kilo of celery, which cost between Bt8 and Bt12 only recently, had risen more than 30 per cent to Bt13-Bt14 per kilo on Sunday.

Some people started their vegetarian diet a few days ago to ensure their systems were free from meat when the festival starts. 

Many vendors are cooking Chinese vegetarian food for sale. Each bag costs between Bt35 and Bt40. Freshly cooked dishes cost between Bt40 and Bt50 each.

However, Chinese vegetarian food also excludes eggs, milk, garlic among others.

Commerce Minister Sontirat Sontijirawong said on Sunday that he had instructed the Internal Trade Department to ensure commodity prices do not rise too high during the Chinese Vegetarian Festival. 

According to a survey by the Thai Chamber of Commerce University’s Centre for Business and Economic Forecasting, about 33.8 per cent of people would be joining the festival. They plan to buy Chinese vegetarian food from convenience stores or local food shops. Some 41.9 per cent of those polled believe they will have to pay more for vegetarian items this year. 

It is estimated that the upcoming Chinese Vegetarian Festival will boost cash flow to Bt45.93 billion. Although the figure is the highest-ever, it marks a growth rate of just 1.9 per cent. This is the smallest growth rate in 11 years or ever since the centre started conducting surveys on Thailand’s Chinese Vegetarian Festival. 

 

Tags:
Facebook Twitter
More in News
Editor’s Picks
wmg-logo
Top News
wmg-logo