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Bloomberg
Hong Kong consumers will face higher prices for fresh produce, daily necessities and electrical goods over the coming weeks as a result of Cathay Pacific Airways Ltd.’s long-haul cargo flight halt, the South China Morning Post reported on Saturday.
Consumers will experience food and product shortages in the next two to three weeks, especially seafood and vegetables, the report cited Gary Lau Ho-yin, chairman of the Hong Kong Association of Freight Forwarding and Logistics, as saying. Lau said shipping costs are set to surge as much as 30% during the period and will be passed on to consumers, according the report.