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
Vietnamese, Peruvian Presidents seek measures to deepen relations
10:36 | 14/11/2024 Cooperation
Vietnam, Peru issue joint declaration
10:31 | 14/11/2024 Cooperation
Vietnamese, Peruvian Presidents hold talks in Lima
10:25 | 14/11/2024 News and Events
Vietnam, India enhance comprehensive strategic partnership
09:08 | 14/11/2024 Cooperation
NA Vice Chairman hosts California State Treasurer
09:04 | 14/11/2024 Cooperation
Multimedia
Vietnam actively contributes to APEC
08:59 | 14/11/2024 Infographic
Vietnam’s national brand value reaches 507 billion USD in 2024
17:06 | 11/11/2024 Infographic
Vietnam-Chile Comprehensive Partnership
09:51 | 10/11/2024 Infographic
Vietnam manufacturing returns to expansion
13:31 | 09/11/2024 Infographic
Vietnam's key contributions to ACMECS
11:02 | 07/11/2024 Infographic
PM urged parliament to pass legislation to ensure sufficient electricity, restart nuclear projects
09:47 | 13/11/2024 Policy
New policy drafted to help non-bank credit institutions develop further
17:13 | 12/11/2024 Policy
Việt Nam to stiffen regulations on violating social network platforms
16:23 | 12/11/2024 Policy
Party leader of Việt Nam holds phone talks with President-elect of US
08:55 | 12/11/2024 Policy
Construction material industry's revenue to reach 47 billion USD
11:40 | 13/11/2024 Industry
Footwear industry eyes UKVFTA to bolster exports
10:00 | 11/11/2024 Industry
North-South express railway – driving force to spawn new support industries
17:09 | 08/11/2024 Support industries
Automotive support industry strives to become spare part supplier
09:34 | 08/11/2024 Support industries
Bac Giang prioritises high-tech FDI projects, services industry
17:04 | 12/11/2024 FDI
Vietnam draws new wave of high-value investments: Savills
19:30 | 10/11/2024 Investment
Hanoi attracts 1.6 billion USD in FDI in ten months
15:18 | 07/11/2024 Investment
Foxconn to invest US$80 million in Bắc Giang for chip manufacturing expansion
16:16 | 04/11/2024 Investment
UK stands ready to help Vietnam build international financial hub
17:13 | 13/11/2024 Finance-Banking
S&P affirms Techcombank’s BB- rating
10:10 | 11/11/2024 Finance-Banking
Tax sector fulfils nearly 95% of state budget collection target
15:38 | 09/11/2024 Finance-Banking
Việt Nam's stock market moves closer to emerging market status amid key policy changes
18:05 | 06/11/2024 Stock Market
Vietnam looks towards Net Zero goal in agriculture
17:25 | 12/11/2024 Environment
Holistic approach needed to improve glass recycling
11:31 | 12/11/2024 Environment
Storm Toraji intensifies and moves northwest in East Sea
08:58 | 12/11/2024 Environment
Typhoon Yinxing weakens as it moves southwest
10:04 | 11/11/2024 Environment
4G mobile network coverage reaches 99% of Vietnamese population: Minister
16:51 | 13/11/2024 Science - Technology
Quang Ninh to host 3rd Vietnam Int'l Digital Week next week
17:11 | 12/11/2024 Science - Technology
Việt Nam's new fast track policies to boost high-tech investment environment set for approval
09:33 | 09/11/2024 Science - Technology
Practical innovations
09:15 | 06/11/2024 Science - Technology
Vietnamese universities strive to attract international students
11:43 | 13/11/2024 Society
Social network users must authenticate accounts from December 25
17:10 | 12/11/2024 Society
Long Thanh Airport’s runways expected to be completed three months ahead of schedule
15:57 | 12/11/2024 Society
Specific policies proposed for North-South high-speed railway project
11:38 | 12/11/2024 Society
Hà Nội to host large-scale international fair for key industrial products in 2025
16:54 | 12/11/2024 Vietnamese Brands
Agriculture, craft village festival to be held in Hà Nội
16:49 | 12/11/2024 Vietnamese Brands
Vietnamese Goods Week brings vibrant showcase to Thai province
10:16 | 08/11/2024 Vietnamese Brands
Sóc Trăng’s ST25 fragrant rice awarded 5-star OCOP rating
11:05 | 07/11/2024 Vietnamese Brands
Kiên Giang to host Khmer cultural festival
16:45 | 13/11/2024 Culture
Two Vietnamese artists nominated for Grammy Awards
17:02 | 12/11/2024 Culture
Great Solidarity of Ethnic Groups Week to take place next week
09:55 | 08/11/2024 Culture
Famous musical star Philip Quast to perform and share experiences in Hà Nội
09:40 | 06/11/2024 Culture
2025 Nha Trang – Khanh Hoa Sea Festival to spotlight cultural heritage space
17:04 | 13/11/2024 Tourism
Việt Nam to welcome more international cruise ship tourists
16:36 | 13/11/2024 Tourism
Bình Thuận tourism aims for green, sustainable development
17:06 | 12/11/2024 Tourism
Tuyen Quang Province promotes tourism in ethnic minority, mountainous areas
17:15 | 11/11/2024 Tourism