Produce Prices Spike Due to Heavy Rain

fruit and vegetables
Photo by Olearys, via Wikimedia Commons

Heavy rains that hit central and southern Taiwan over the weekend, causing flooding and landslides across the island, have also added to inflation in produce prices, Apple Daily reported. The Central Weather Bureau predicts more rain across Taiwan today, though it has not issued any severe weather advisories.

The average wholesale price of all produce in Taipei rose from NT$23.53 (US$0.78) per kg on June 3 to to NT$35.9 (US$1.19) per kg on June 4.

The Agriculture and Food Agency said that it will assess the damages after rain and flood waters recede, after which the agency expects prices to fall back to more reasonable levels.

At Taipei’s Lizhong Market (台北市黎忠市場), media found customers purchasing more as they feared a greater increase in prices. RT-Mart also saw about a 5% increase in produce sales due to the price increase. At the Kaohsiung Fruit and Vegetable Market (高雄市果菜市場), the wholesale price of spinach rose 85% over the weekend, while green beans rose to NT$92.1 (US$3.06) per kg.

Agricultural losses across Taiwan are estimated at NT$57.52 million (US$1.91 million), with Yunlin County suffering the greatest losses estimated at NT$24.21 million (US$804,000). The next most affected areas are New Taipei, Nantou, and Chiayi, respectively.

The most heavily damaged crop was rice, followed by watermelon, corn, peanuts, and leafy green vegetables

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