Vietnam: Garlic and onion prices increased sharply during the New Year

Published Jan 1, 2024

Tridge summary

The retail price of garlic and purple onions has sharply increased in Ho Chi Minh City, with Northern garlic being sold for 140,000 VND per kg and Ly Son and Phan Rang garlic priced at 200,000 VND per kg. This is due to a decrease in supply caused by a failed garlic crop at the beginning of the year and a decrease in imports from China and India. The purchasing power is weak, but the price of garlic at growing households in the North is 50,000-55,000 VND per kilogram.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to a survey by VnExpress at traditional markets in Ho Chi Minh City, the retail price of garlic has increased sharply in recent days. Accordingly, the price of northern garlic is being sold by traders at 140,000 VND per kg, and at 100,000 VND for Chinese garlic. Ly Son and Phan Rang garlic alone are priced at 200,000 VND per kg, up 30% compared to the beginning of the year. A report from Hoc Mon wholesale market also shows that garlic prices are rising to quite high levels. The wholesale price for Northern garlic is 62,000 VND per kg, Chinese garlic 80,000 VND, Ly Son and Phan Rang garlic 160,000 VND per kg. Along with garlic, the retail price of Soc Trang purple onions also increased by 20,000 VND (more than 30%) compared to last month, to 80,000 VND per kg, and the price of Northern purple onions is 95,000 VND. Ms. Oanh, a small trader at Xom Moi market (Go Vap), said that in the past few days, onion and garlic prices have increased continuously even though demand is ...
Source: VNExpress

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