Vietnam: Duck egg prices dropped sharply, incubator owners agreed to sell at a loss for fear of overstock

Published 2024년 2월 27일

Tridge summary

In Vietnam, duck egg prices have plummeted post-Lunar New Year, causing many incubator owners to sell their stock at a loss. The decline in customers, coupled with the perishable nature of the eggs, has led to a surplus in inventory. Prior to the Lunar New Year, demand for eggs was high, with wholesalers and retailers vying to purchase them. However, post-Lunar New Year, customer numbers fell by approximately 30%, resulting in a significant drop in egg prices. This is a cyclical situation, with egg demand typically rising before the Lunar New Year and falling sharply afterwards.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Duck egg prices dropped sharply compared to the time before the Lunar New Year, many incubator owners were forced to "cut losses" to push out inventory. “Duck eggs of all types have decreased, and customers have also decreased a lot, so inventory is increasing every day. White duck eggs cannot be kept for long, so we have to sell them off at cheap prices," Mr. Nguyen Hien - owner of a duck egg incubator in Tien Lu, Hung Yen, shared. While arranging the eggs neatly in a tray, Mr. Hien expressed his concern that he did not know when these eggs would be sold out. “Every day, I go to buy eggs from households that raise ducks, on average I get about 4,000 eggs a day. Because customers ordered a small quantity of duck eggs, I only included a portion. The remaining part will be neatly placed on a tray and placed in the corner of the house," he said. Before Tet, he said customers bought a lot of eggs, both wholesalers and retailers were competing to get them, and there wasn't enough to ...

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