Demand slumps for meat, eggs in HCM City
Many carts on the streets in HCM City are currently selling poultry eggs at very low prices, only VNĐ15,000-20,000/10 eggs. Markets and supermarkets are also selling eggs at much lower prices compared to before Tết.
Vương Quang Dũng, director of Vương Huỳnh Produce Commerce and Services Company Limited, which farms egg-laying chickens in Đồng Nai Province, said that about a month before Tết, chicken eggs were priced at VNĐ1,900 per egg, but then have gradually decreased to VNĐ1,300-1,500.
The decrease in poultry egg prices is due to bakeries switching from using fresh eggs to egg powder. Additionally, early Tết holidays for factory workers and extended school closures have led to a significant decline in demand, as cafeterias for workers and students are big buyers of eggs and meat.
Demand for eggs and meat in HCM City is currently low. — VNS Photo Thư |
The remaining egg stock from before Tết has not been fully consumed, so it will take another one to two weeks for egg prices to recover.
According to egg-laying chicken farms in the Southern region, at the current price level, farmers are facing losses of about VNĐ200 per egg.
Phạm Thị Huân, Chairwoman of the Board of Directors of Ba Huân Joint Stock Company, said that poultry egg supply after Tết was very abundant.
Trương Chí Thiện, CEO of Vĩnh Thành Đạt Food Joint Stock Company (V.Food), said that egg consumption was normally low in the first month of the lunar year, so V.Food was focusing more on processing egg products.
Not only poultry eggs, but demand for pork is also declining. Nguyễn Trí Công, Chairman of the Đồng Nai Livestock Association, noted a slight increase in pork prices, but demand had decreased by about 30 per cent year-on-year.
According to the Sales Department of the Hóc Môn Wholesale Market, the amount of pork entering the market on February 20 reached 337 tonnes (approximately 4,500 pigs), which was less than the average daily amount in 2023, which was 5,700 pigs.
However, compared to the first working day after Tết (February 15), with 2,180 pigs, the amount of pigs entering the market was recovering.
Regarding chicken, Nguyễn Văn Ngọc, vice chairman of the Southeast Poultry Association, said that demand was low because this was the vegetarian month (lunar January) and also many workers had not returned to work.
This had kept industrial chicken prices at low levels, ranging from VNĐ26,000-27,000/kg, causing farmers to lose from VNĐ4,000-5,000/kg.
Farmers had reduced their flocks by about 50 per cent due to prolonged losses, but they still could not push prices up.
Ngọc said the main reason was the competition from cheap imported chicken and organs.
On the other hand, the vegetarian food market was bustling because lunar January is the time when people's demand for vegetarian food is highest in the year. After a Tết holiday full of meat and fat, people seek more balanced and light meals.
Trần Công Phương Linh, Director of Saigon Vegetarian Food Company Limited, said that the company's production had increased two to three times compared to normal due to many supermarkets and stores placing large orders.
The Co.opmart supermarket chain has also launched promotional programs with a variety of vegetarian products, including spices and processed foods.
See also
HCM City's real estate market witnesses recovery
11:20 | 15/10/2024 Domestic market
Vietnam looks for ways to spark domestic consumer demand
16:11 | 22/09/2024 Domestic market
Removing bottlenecks for domestic petroleum market
14:31 | 19/09/2024 Domestic market
City Sale to bring together 500 domestic and global brands with big discounts
15:17 | 03/09/2024 Domestic market
Used car market sees robust recovery: report
16:13 | 02/08/2024 Domestic market
Vietnam’s e-commerce market size to hit US$30 billion this year
09:34 | 30/07/2024 Domestic market
See more news
Domestic enterprises make imprints on real estate M&A market
11:26 | 03/07/2024 Domestic market
E-commerce industry on road to meeting US$35 billion revenue target in 2025
16:48 | 11/06/2024 Domestic market
Real estate market picking up
14:43 | 10/06/2024 Domestic market
Flying could become cheap again as authorities vow to reduce taxes
07:00 | 21/05/2024 Domestic market
Real estate market in the South picking up
06:00 | 10/05/2024 Domestic market
Cooperatives seek to expand sales to e-commerce
10:55 | 22/04/2024 Domestic market
Real estate market has positive performances in Q1: VARS
10:07 | 17/04/2024 Domestic market
PM demands strengthened gold market management
17:04 | 12/04/2024 Domestic market
Domestic coffee prices at record high
06:00 | 16/03/2024 Domestic market
Difficulties in sales of OCOP products
06:05 | 10/03/2024 Domestic market
Can Tho eyes stronger cooperation with US partners
17:17 | 22/11/2024 Cooperation
Thai packaging giant takes 30-year lease for largest ready-built factory in Tay Ninh
16:58 | 22/11/2024 Investment
Bulgarian President’s visit to deepen ties with Việt Nam: Ambassador
16:41 | 22/11/2024 News and Events
Association boosts insurance sector’s sustainable development
16:30 | 22/11/2024 Society
Vietnam, Venezuela step up educational cooperation
16:23 | 22/11/2024 Society
Multimedia
Strengthening Vietnam-Cambodia friendship and cooperation
09:00 | 22/11/2024 Infographic
Vietnam - Malaysia Strategic Partnership
10:54 | 21/11/2024 Infographic
Vietnam, Dominican Republic strengthening cooperation
08:45 | 20/11/2024 Infographic
Vietnam - Brazil strategic partnership
10:26 | 19/11/2024 Infographic
Nhon - Hanoi Station elevated urban railway comes into operation
09:04 | 18/11/2024 Infographic
New decree on using telecommunications accounts for payment proposed
09:29 | 22/11/2024 Policy
Parliament approves amendments to pharmacy law
08:54 | 22/11/2024 Policy
VAT tax reduction should continue until mid-2025: Ministry
17:15 | 21/11/2024 Policy
NA deputies scrutinise investment policy for North-South high-speed railway project
08:54 | 21/11/2024 Policy
VN's food processing industry struggles to improve quality and value chain integration
11:36 | 22/11/2024 Industry
Tra fish sector aiming for production, processing greening for sustainable development
15:38 | 20/11/2024 Industry
Solutions discussed to ensure coal supply for electricity generation in 2025
16:24 | 19/11/2024 Energy
Garment industry targets 47-48 billion USD in export turnover next year
16:16 | 19/11/2024 Industry
Thai packaging giant takes 30-year lease for largest ready-built factory in Tay Ninh
16:58 | 22/11/2024 Investment
Workshop seeks ways to attract Japan’s green investment to Vietnam
09:43 | 20/11/2024 Investment
Government approves investment policy to build Cam Lien Industrial Park in Quang Binh
16:57 | 18/11/2024 Investment
Disbursement of public investment must be accelerated: Deputy PM
12:17 | 17/11/2024 Investment
HDBank wins three awards at Vietnam Listed Company Awards 2024
10:53 | 21/11/2024 Finance-Banking
VIB, Flywire partner to streamline cross-border payments for students from Vietnam
16:46 | 18/11/2024 Finance-Banking
Vietcombank issues 2 trillion VND worth of green bonds for first time
18:55 | 16/11/2024 Finance-Banking
UK stands ready to help Vietnam build international financial hub
17:13 | 13/11/2024 Finance-Banking
Significant progress in fisheries' environmental protection but challenges remain
09:35 | 22/11/2024 Environment
Hà Nội prepares for temperature drop as cold front approaches
16:56 | 21/11/2024 Environment
Hundreds of damaged irrigation reservoirs need repairing
09:02 | 20/11/2024 Environment
Greening e-commerce crucial for sustainable development
10:47 | 18/11/2024 Environment
Việt Nam and Korean NIPA strengthen tech cooperation
10:42 | 22/11/2024 Science - Technology
Cyberattack risks surge with AI advancements
10:39 | 22/11/2024 Science - Technology
People, community at heart of digital transformation: Deputy PM
09:26 | 21/11/2024 Science - Technology
AI is core technology of 4th Industrial Revolution: Minister
11:19 | 20/11/2024 Science - Technology
Association boosts insurance sector’s sustainable development
16:30 | 22/11/2024 Society
Vietnam, Venezuela step up educational cooperation
16:23 | 22/11/2024 Society
A series of scientific seminars on influenza prevention
15:15 | 22/11/2024 Society
Insurance Association of Vietnam: 25-year journey of growth
10:49 | 22/11/2024 Society
Doubling insurance product’s payout significantly benefits customers
16:22 | 22/11/2024 Vietnamese Brands
PJICO: 30 years of development
11:19 | 22/11/2024 Vietnamese Brands
VN takes part in food and beverage fair in Chicago
09:45 | 20/11/2024 Vietnamese Brands
Hòa Bình honey awaits reactions from UK
10:41 | 19/11/2024 Vietnamese Brands
Vibrant cultural rendezvous in Hanoi
15:30 | 22/11/2024 Lifestyle
Cultural activities celebrate Việt Nam Heritage Day
10:06 | 22/11/2024 Culture
Bac Ninh Province: Dong Ho folk painting needs urgent safeguarding
15:04 | 20/11/2024 Culture
Vietnamese designers tell stories of culture at Fashion Week
10:14 | 20/11/2024 Culture
Golden time for community-based tourism development
10:38 | 22/11/2024 Tourism
Christmas Festival to entertain visitors to Đà Nẵng
09:53 | 22/11/2024 Tourism
How trekking the mountains lifted me up and above ... the clouds: conquering Lùng Cúng
09:45 | 22/11/2024 Tourism
Blooming buckwheat flowers on Ha Giang roads
14:54 | 21/11/2024 Tourism