Bangkok – Thais of Chinese descent have been observed stocking up on goods for the coming Chinese New Year celebration, buying up ducks, chickens and other offerings but have yet to spur a jump in the prices of such goods.
An inspection of traditional offerings for the Chinese New Year holiday at Yaowarat Market has shown that prices for most goods have remained at similar levels to last year. Chicken, duck and pork for offerings have remained at 450 baht per set from last year. Sellers however, have noted a drop in sales, which they attributed to the ailing economy and its effect on buying power.
Traditional desserts and sweets were said to be the only products that have maintained their sales levels.
Prices of fruits and vegetables have risen, with sellers reasoning that the drought situation has impacted supplies. Most fruits are selling at 10 baht higher than last year.