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In the last six months, there have been steep increases in the prices of imported food items.
The price of pigtails, according to importers, skyrocketed by 74 per cent, canned corned beef went up by 36 per cent, yellow split peas and lentils rose by 34 per cent, brown sugar climbed by 25 per cent, and canned tuna increased by 15 per cent.
Other food items are set to increase by up to 50 per cent in some cases when compared to last year’s prices. The consensus among industry stakeholders is that prices will not stop rising anytime soon. Consumers will now have to dig deeper into their pockets to purchase even the basic food items from wholesalers and retailers.
People's savings and disposable incomes shrinking
Locally, the COVID-19 pandemic has forced thousands of businesses to close their doors leaving thousands of people unemployed, with others working reduced hours and taking home less pay. Rising food prices are now adding to the explosive cocktail.
Complicating the situation, President of SATT Rajiv Diptee said, is the fact that consumers are "out of savings" after a year of the pandemic which means they have little disposable income to spend on basic food items. He said this has resulted in growing theft in supermarkets as some are forced to turn to crime to survive.
Diptee told the Sunday Guardian that because consumers’ savings have evaporated and they are spending less, it has impacted supermarkets’ bottom line.
He said because consumers do not have much disposable income, supermarket owners are being "cautious" in how they purchase stock for the reopening of schools, religious holidays, and other calendar events.
"We noticed that on the Monday when restaurants reopened there was no rush. That greatly concerns us. From the operational point of view for business owners including supermarket owners the concern is that you have to plan. Year on year, we have seen a 20 per cent to 25 per cent decrease in revenue in supermarkets."
Payless Supermarket, Port-of-Spain
January July
2kg pack of rice $19 $21 (based on brand)
9kg soap powder $60 $70
900 grammes bottle of oil $15 $18
Small tin of peas and beans $6 $8
Maharaj Westside, Arima
Naisa Foil 75ft $25.25 $29.95
Maggi Coconut Milk Powder 50g $5.50 $5.95
Miss Anna Arrowroot Flour 115g $10.65 $11.25
Gullon Cereale Fruit Fiber 300g $12.30 $13
Always Ultra Thin Reg Wings 18s $23.75 $26.95
Swiss Mayo 375ml $14.30 $15.30
MaxPower wrote:Work hard to avoid those problems.
Posting for Vene who came here starving and now shops at Massey.
MaxPower wrote:Work hard to avoid those problems.
Posting for Vene who came here starving and now shops at Massey.
Dave wrote:What about these wholesalers places like Geelal, Camacho etc? It does look like a fish market by Geelal but anyone can say if these places are worth the hassle?
sam1978 wrote:MaxPower wrote:Work hard to avoid those problems.
Posting for Vene who came here starving and now shops at Massey.
Well plenty of them robbing ,selling guns and drugs and breaking ATMs so they could afford it. The law abiding ones finding it hard so they going back Vene.
pugboy wrote:xtrafoods ain’t all that tbh
many things higher than massy
for example lotus bakers flour is $16 there
massy is $14.75 and most other places $14.50
low cost supermarket is $14
low cost in cunupia is one of the cheapest for many things
you will get fresh local mushrooms $25/lb
everywhere else is $32-35
sam1978 wrote:MaxPower wrote:Work hard to avoid those problems.
Posting for Vene who came here starving and now shops at Massey.
Well plenty of them robbing ,selling guns and drugs and breaking ATMs so they could afford it. The law abiding ones finding it hard so they going back Vene.
Rain fell this week in non-agricultural areas. Market prices must increase.daring dragoon wrote:WTF happen during this week? i pass in the market and EVERYTHING increase in price from $1 to a third or half price more. i pay $5 for tomatoes and its $12 this week, ocro 2 for$1, bush was $5 now $7, sweet pepper was $6 now is $12, lettuce was $7 now is $10. what i would have spend $150 on i spend about $100 more. Masters say chicken and duck scare and eggs also. WTMC the govt doing to ensure food security ? property tax? increase taxes on apples and foreign cheap fruits that they say is luxury items? flood was in cascade, st anns an maraval which DO NOT produce anything of value and with that is more and more pressure on people ease of the lighthouse.
bluefete wrote:Wham to you? You answered your own question
I noticed the same thing in Tunapuna Market yesterday. But I got a good barbadine for $10.00 (punch made already and in the fridge) / potatoes for $2/lb / Carrots at $5/bag / sweet potatoes at $6/lb (expensive for me but say what) .daring dragoon wrote:WTF happen during this week? i pass in the market and EVERYTHING increase in price from $1 to a third or half price more. i pay $5 for tomatoes and its $12 this week, ocro 2 for$1, bush was $5 now $7, sweet pepper was $6 now is $12, lettuce was $7 now is $10. what i would have spend $150 on i spend about $100 more. Masters say chicken and duck scare and eggs also. WTMC the govt doing to ensure food security ? property tax? increase taxes on apples and foreign cheap fruits that they say is luxury items? flood was in cascade, st anns an maraval which DO NOT produce anything of value and with that is more and more pressure on people ease of the lighthouse.
daring dragoon wrote:WTF happen during this week? i pass in the market and EVERYTHING increase in price from $1 to a third or half price more. i pay $5 for tomatoes and its $12 this week, ocro 2 for$1, bush was $5 now $7, sweet pepper was $6 now is $12, lettuce was $7 now is $10. what i would have spend $150 on i spend about $100 more. Masters say chicken and duck scare and eggs also. WTMC the govt doing to ensure food security ? property tax? increase taxes on apples and foreign cheap fruits that they say is luxury items? flood was in cascade, st anns an maraval which DO NOT produce anything of value and with that is more and more pressure on people ease of the lighthouse.
RedVEVO wrote:daring dragoon wrote:WTF happen during this week? i pass in the market and EVERYTHING increase in price from $1 to a third or half price more. i pay $5 for tomatoes and its $12 this week, ocro 2 for$1, bush was $5 now $7, sweet pepper was $6 now is $12, lettuce was $7 now is $10. what i would have spend $150 on i spend about $100 more. Masters say chicken and duck scare and eggs also. WTMC the govt doing to ensure food security ? property tax? increase taxes on apples and foreign cheap fruits that they say is luxury items? flood was in cascade, st anns an maraval which DO NOT produce anything of value and with that is more and more pressure on people ease of the lighthouse.
You have to know where to shop these days ole timer
Try Xtra " Plenty for $20 "
Bush is 3 for $10
Tomatoes $10 bag and $20 bag
Zabocar $16.99
Apples 10 for $20
Shark $15 per pound
Tomorrow is peas & rice & escargot, with squash blossoms stuffed with cigar ashesRovin wrote:ah man aksin bout wey ha ting cheap so e cud later post imaginary meals e makin
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