New pet licensing conditions to have little impact on surging demand, prices
Industry players cite pandemic-linked demand, freight and other operational costs for the surge in pet prices Mutts & Mittens and Petpause, which provides pet boarding services, cited rental and manpower as its highest costs.
A FRENCH Bulldog would have cost S$8,800 to S$9,000 in 2018 or 2019. These days, they retail at pet store Friends Fur Life for up to S$10,000.
Director Kenny Low said the increase in the cost of this imported breed is due in part to higher air freight costs as well as other input costs.
But the higher prices haven't deterred buyers. Friends Fur Life has seen a boom in demand for pets during the pandemic. Mr Low said his store has only raised its prices slightly as it did not want to "take advantage" of its customers in the pandemic.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Sheng Siong Q1 net profit up 9.3% on higher revenue
Nestle sales growth sputters on US slump, vitamin snags
Hermes Q1 sales jump 17% on strong China demand
Cordlife’s independent auditor to retire after issuing disclaimer of opinion on FY2023 financials
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Cordlife customers push for legal action