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Published: Sunday January 26, 2014 MYT 12:00:00 AM
Updated: Sunday January 26, 2014 MYT 6:55:06 AM

Freshwater fish prices up by 8% to 12%

IPOH: The price of freshwater fish has gone up between 8% and 12% since early this month.

Perak Freshwater Fish Breeders Association cited factors such as increased electricity tariff and petrol prices.

The levy imposed on foreign workers at their farms was also a heavy financial burden for industry players, association president Steven Kong said.

”The decision was made based on a consensus between freshwater fish breeders, distributors and exporters nationwide.

”We hope consumers could use the percentage as a guideline to determine whether the freshwater fish they purchased is in accordance with the market price,” he told reporters during the association’s pre-Chinese New Year dinner here on Friday.

Kong said Perak accounted for 80% of the country’s freshwater fish supply. The price revision was reasonable, he said, adding that there had been no major change in prices of freshwater fish in the last few years.

”We have to make the adjustment in order to survive,” he said.

Fish fry breeder Jacky Yao, 39, said he hoped consumers would understand their situation.

He said there had been an increase of 10% in the production cost at his farm ever since the electricity tariff hike was implemented.

Freshwater fish exporter Jimmy Ting, 49, said consumers could opt for imported fish from Thailand and Indonesia as they were sold at a cheaper price.

”We are worried that there would be a day when we could no longer sustain our business.

”The Agriculture and Agro-based Industry Ministry must look into the pricing issue and rectify the relevant problems,” he said.

Tags / Keywords: Courts & Crime, freshwater fish, price hike

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