Provincial market in recent days has had low supply, increasing purchasing power, thus price of many agricultural products, food is increasing…
Prices of fruits, vegetables has increased sharply in recent days due to low supply, high consumption
Price increases due to weather
After buying food, Ms. Tran Kim Binh living in Phu Cuong ward, TDM City said, due to the hot weather, vegetable supply had been diminished, worrying many people. “Several rice paddy herbs and chili pepper cost VND4,000, I really worried”, said Ms. Binh. According to some traders at TDM Market, due to the prolonged hot weather, agricultural product supply is in shortage. Therefore, in recent days, wholesale price of per rice paddy herb’s kilogram increase from VND10,000 to VND50,000, per kilogram of chili pepper increase from VND15,000 to VND50,000…
Meanwhile, price of seafood, such as shrimp, squid, fish ... has also increased rapidly, and small traders sometimes do not have enough goods to sell. Ms. Nguyen Thi Hai living in Phu Hoa ward, TDM City said, in recent days, there were no fresh seafood for people came late. Only in several days, price of river fishes increased from VND140,000 to VND150,000 per kilogram, eel from VND180,000 to VND200,000 per kilogram…
Regarding fruits, at Lai Thieu Market (Thuan An Town), currently, sweet tangerine prices at VND60,000/kg, Hoa Loc mango VND60,000-70,000/kg, watermelon VND14,000/kg…, increasing about VND10,000/kg compared to the previous month. “Mango, plum, grapefruit are also affected by the prolonged drought, reduced supply from Mekong Delta. Decreasing goods supply, increasing consumption cause price increase. We, small traders, cannot do anything”, said a small fruit stall’s owner in Lai Thieu Market.
Increased pressure on the CPI
According to Bureau of Statistics, the consumer price index (CPI) in April of the province increased 0.42% over the previous month; including transport services increased 1.77%, prices of housing and construction materials rose 1.33%, educational products increased 1.1%... The CPI increases in provinces, cities have increased the national CPI in the first 4 months 1.33% compared to the end of 2015 and increased 1.89% over the same period in 2015.
According to the Price Management Department (Ministry of Finance), in May, a number of factors have put pressure on prices, like: the dry weather, salinization at the Mekong Delta, affecting domestic rice prices. Prices of some fresh food,
such as beef, poultry meat, may increase, because people are concerned about the safety of seafood, due to mass fish deaths in several central provinces recently. Besides, prices of some fuels, such as gasoline, oil, LPG ... tend to recover, putting pressure on prices of these commodities in the domestic market.
Industrial Information and Commercial Center (MOIT) forecasted that prices of sugar, fertilizers, retail steel would increase slightly. Prices of raw materials for animal feed in the country may increase in May, due to high demands for corns and soybeans, while price of these commodities in the world is rising.
Experts also said, currently, the inflation curb at 5% in 2016 of our country has posed many challenges, especially when many commodities’ price in the world could increase sharply in the future, directly affecting domestic prices of many commodities.
Reported by Thanh Hong – Translated by Ngoc Huynh
