Vietnam: Cu Kieu is in short supply, the price of agriproduct has doubled

Published 2023년 1월 1일

Tridge summary

On January 1, 2023, despite it being New Year's Eve, traditional markets were still busy with customers buying goods for the Lunar New Year. The price of palanquins has significantly increased compared to the previous year, with the cost ranging from 70,000-105,000 VND/kg depending on the size. This increase has led to concerns about reduced purchasing power and a potential decrease in demand for palanquin-based products. As a result, some processors have shifted to pre-order models and have reduced production by up to two-thirds this Tet due to the scarcity of raw materials and high prices.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

On January 1, despite being on New Year's Eve 2023, the traditional markets were still bustling with customers coming to the market to shop. Many people take advantage of the break to buy palanquins, onions, etc. to make dishes for the upcoming Lunar New Year. At the market on Trang Tu Street (near Cho Lon Bus Station, District 5), Tet palanquins are piled up right on the sidewalk for people to choose from. Ms. Binh (small business in palanquin) quotes from 85,000-105,000 VND/kg depending on the size. “Most of the Western goods are brought up like Dong Thap. Kieu Hue is not much. Although the price is almost twice as high as in 2022, the purchasing power is very good," said Binh. Information from the Management Board of Thu Duc wholesale market said that the price of type 1 palanquin tubers (large size, clean of land ...) ranges from 70,000-75,000 VND/kg; Grade 2 and 3 palanquins are priced in the range of 45,000-60,000 VND/kg. Representatives of a number of suppliers said that ...

Source: Vietstock