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Beef Prices Go Up By 20pc

13 August 2007

MALAYSIA - With Ramadan just around the corner, the 20 per cent increase in the price of frozen beef could not be more ill-timed. With sighs of weary resignation, consumers are now paying RM9 per kg, up from RM7.

The price of beef has already gone up at the Chow Kit, Pudu, Selayang and Petaling Jaya markets.

According to meat traders, the increase is due to a lack of stock.

"We get most of our imported beef from India. Recently, we had to stop many orders because they did not meet halal requirements and our hygiene specifications," said Zulkifli Tarseh, 42.

The trader, who has been in business at the Pudu market for more than 10 years, said he was worried about meeting the demand for Ramadan, which begins next month.

"I don’t expect to have any problem selling the meat even though it is more expensive. In fact, I think the demand will be the same as in previous years — usually 50 per cent higher during the fasting month."

Businessman Rizal Dutt, 42, said the price increase would definitely make a dent in his wallet during Hari Raya.

"We don’t normally eat much meat, so it’s not much of a problem for us. But with Raya coming up, we can’t do without it. After all, what’s Hari Raya without rendang daging?" he said.

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Source: New Straits Times



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