Global Economy Videos

Chinese New Year: Sellers of Barbecued Pork Slices Keep Prices Steady by Absorbing Costs

Sellers of barbecued pork slices are maintaining price stability for Chinese New Year treats even as pork and labor costs climb, while a fire at Century Bakwa’s kitchen threatens short‑term supply. The vendor reported a record season, moving more than 21,000 kg of pork slices – roughly 30% more than the previous year – despite Spanish pork prices jumping 15% to about $50 per kilogram. To offset higher ingredient and staffing expenses, the business has streamlined operations and absorbed costs rather than passing them to consumers. Owner Peter highlighted hiring skilled staff to speed production, noting, “We invest in people, then the production has been faster.” In contrast, rival shop Being Hyang lifted prices by $2 per kilogram and rolled out reusable “trunk” gift boxes and blind‑box snacks, signaling a shift toward premium packaging and sustainability. The fire, which forced a two‑day production halt, underscores the fragility of seasonal supply chains, but the broader trend of price‑holding may keep consumer demand strong and pressure competitors to innovate on packaging and efficiency.