VietNamNet Bridge – The prices of most of food items in Hanoi have been decreasing. The abundant supplies and the consumers’ policy on tightening their purse strings have been cited as the main reasons.
Local newspaper VnExpress reported that the prices of vegetables in
At some markets in Hanoi like Kim Lien, Thanh Cong, Giang Vo, and Doan Thi Diem, the price of one kilogram of tomatoes is now between VND 14,000-16,000/kg, a decrease of VND 6,000/kg over the previous week and VND 10,000/kg over the week just before Tet. Kohlrabi, cabbage, and water dropwort have seen the sharpest price decreases among the vegetables. A bulb of kohlrabi is now selling at between VND 500-1,000, while it was sold at VND 5,000-7,000 in the days just before Tet.
Nhan, the owner of a vegetable stall at Nam Dong market in
“I think the vegetable prices will continue dropping sharply in the time to come,” Nhan said.
The prices of foodstuff like shrimp, crabs, fish, pork, and beef have also seen slight decreases over pre-Tet days. Meanwhile, the chicken prices remain at very high levels and have been forecasted to see further price increases in the near future.
A kilogram of black tiger shrimp is selling at between VND 280,000-300,000/kg, down by VND 3,000/kg over the pre-Tet week, but this represents the 30% increase in comparison with the same period of 2008. Black carp fish is selling at between VND 120,000-125,000/kg, down by VND 5,000/kg, while the best quality pork is selling at VND 120,000/kg, down by VND 8,000/kg.
Other foodstuffs have also seen prices decrease. Beef, for example, has seen the decrease of between VND 5,000-10,000/kg.
Mai, the owner of a chicken stall at Thai Ha market, said that the demand for chicken has been decreasing as Vietnamese people have the habit of making offerings with chicken. A kilogram of chicken is now selling at between VND 120,000-130,000/kg, or VND 5,000/kg more expensive that the previous week.
Mai also said that the information about the big volume of fowls culled recently as they had not have clear origins has also led to the supplies to become shorter.
Vu Vinh Phu, Chairman of the Hanoi Supermart Association, said that the good supplies have helped the prices decrease over pre-Tet days. However, he said that the current prices prove to be relatively high in comparison with previous years.
For example, at the beginning of 2008, a kilogram of griskin was sold between VND 50,000-65,000/kg, while it has jumped to between VND 75,000-80,000/kg. Vegetables, which were sold at VND 90,000/litre, has jumped to VND 150,000. Gas prices have increased three times since the beginning of the year by VND 40,000/12kg tank
“It is unfeasible to expect the commodity prices to drop to the levels of the previous years. However, if state management agencies can control enterprises’ production cost and balance the market supply and demand, consumers have every reason to believe that the prices would continue decreasing in the time to come,” Phu said.