Foodstuff prices fall as supply increases
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Prices of foodstuff have dropped this month thanks to an abundant supply, provincial officials have said.
For instance, prices of processed food, beef and chicken are remaining stable while the price of pork has dropped in many places, said price and market management authorities under the ministries of Finance and Industry and Trade.
Nguyen Tan Phuong, director of Dong Nai Food Factory, said as pork is now in abundance, its prices are going down.
In Hanoi, An Giang Province and Can Tho City, for instance, the price of pork has fallen by VND2,000 – VND6,000 per kg to VND54,000 - VND55,000 per kg.
In Hau Giang and Tien Giang provinces, prices of various kinds of pork have dropped by VND1,000 – VND3,000 per kg.
Meanwhile, pig farmers said the price of pork must remain at least VND50,000 per kg to ensure profits, so if this drop continued, they would suffer losses.
In Hanoi and Phu Tho Province, prices of chicken and duck eggs have also dropped by VND1,000 – VND2,000 for every 10 eggs.
Vegetables in HCMC, Hanoi and Bac Giang Province are also costing much less compared to last week. Prices of cabbage, tomato, and China squash in particular have dropped by VND1,000 – VND2,000 per kg.
Rice prices are remaining stable in northern provinces and have started to go down in southern provinces like An Giang and Hau Giang provinces after rising for many weeks.
The prices of sea fish and river fish have dropped by 5 percent to 10 percent, or by VND2,000 – VND10,000 per kg.
