Salmon increased in price to a record level in Vietnam

Published 2022년 5월 21일

Tridge summary

Vietnam is experiencing a surge in prices of energy, fertilizers, grains, and food due to global market trends. The cost of living is becoming increasingly burdensome for the population, with foodstuffs like cooking oil, wheat, and salmon seeing significant price hikes. Norwegian salmon prices have doubled from the previous year, reaching over 780,000 VND per kilogram. This increase is largely due to high import costs and a reduction in import volume, exacerbated by the war between Russia and Ukraine. The situation shows no signs of improvement, with experts predicting further increases.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The "storm" of increasing prices from energy, fertilizers, grains to food is happening globally and Vietnam is not an outsider. From the beginning of the year until now, not only the prices of petrol, gas, iron, steel, fertilizers... have continuously set new peaks, the prices of foodstuffs such as cooking oil and wheat have also increased. In particular, in the food group - salmon, a product in the mid- and high-end segments has grown the most in the first 5 months of this year. According to a survey by VnExpress, whole Norwegian salmon has a retail price of 470,000 VND per kilogram, while fillets are 780,000 VND, an increase of one and a half times compared to the beginning of the year and nearly double compared to the same period last year. Ms. Hanh, a small fish trader at Base Market (Go Vap), said that since the beginning of the year, wholesalers have doubled the price of fresh whole salmon (by air). In which, for the first time, the price increased at the end of January for ...
Source: VNExpress

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