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'We are basically losing money selling vegetables': Hawker who sells yong tau foo at $2.50 for 10 pieces to raise prices
'We are basically losing money selling vegetables': Hawker who sells yong tau foo at $2.50 for 10 pieces to raise prices
PHOTO: Shin Min Daily News
After trying their best to keep prices low for their elderly customers living in the area, one hawker stall at Circuit Road has had no choice but to increase it to keep up with the times.
For years, 9's Yong Tau Foo tried to sell yong tau foo for mostly 20 cents per piece — except for fried items, which are slightly more expensive.
However, with rising costs this year, they had to raise prices to $2.50 for 10 pieces of yong tau foo, reported Shin Min Daily News.
And come Jan 1 next year, prices will be upped once again to $3 for 10 pieces.
9's Yong Tau Foo also has another outlet at Toa Payoh, which commands a higher rent than the Circuit Road outlet.
This year, its prices for yong tau foo was already $3 for 10 pieces, and next year, it will increase to $3.50 for 10 pieces.
The family-run business, which was founded by Lee Seyan Meng, is currently managed by Seyan Meng's wife, Wu Chunlan (transliteration).
In her free time, their eldest daughter-in-law, Lin Xueli (transliteration), helps out at the stall.
With rising costs come losses
Xueli shared that even if a customer chooses only vegetables as ingredients, it's hard to make a profit.
"Because the price of vegetables has increased so much now, we are basically losing money selling vegetables," she said.
She added that the prices of vegetables also fluctuate depending on the weather.
"For example, because it's been raining recently, the vegetable production is not good and the cost prices are higher," she explained.
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