Fruit prices expected to soar ahead of Lunar New Year

Increased Demand: As the Lunar New Year approaches, there is a surge in demand for fruits, particularly for traditional offerings and festive feasts, driving up prices. –

Supply Chain Disruptions: Global supply chain issues, such as transportation delays and labor shortages, can cause shortages of certain fruits, further contributing to higher prices.

Seasonal Availability: Some fruits, especially those in high demand during the Lunar New Year celebrations (like citrus fruits and pomelos), may be out of season, leading to increased costs.

Weather Conditions: Unfavorable weather conditions, including storms, floods, or droughts, in key fruit-producing regions can damage crops and reduce supply, raising prices.

Import and Export Limitations: Restrictions on fruit imports and exports due to international trade issues, tariffs, or pandemic-related regulations can also result in higher costs for fruits.

Cultural Importance: Many fruits are considered symbols of good luck and prosperity for the Lunar New Year.

Labor Shortages: During the festive season, the demand for agricultural labor often exceeds supply, causing labor shortages that can drive up the cost of harvesting and transporting fruits.

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