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Economics

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Despite stable supply, poultry eggs keep rising in price

The egg price suddenly rose to VND 8,000 per 10 eggs without and impacts from transportation and farmsteads. Eggs are plentiful but the price keeps rising. In this photo: an egg stall in Thu Dau Mot market is deserted by buyers Early January 13, at Lai Thieu Market of Thuan An Town, Ms. Nguyen Thi My Ngoc dropped by to by duck eggs and was surrprised to priced at VND 35,000 for 10 eggs. It was a sudden price hike without any notice or warnings!The price hike is however bearable to housewives but a big change to meals for laborers who are relying on cheap meals thanks to eggs.“The price is increasing and we had to follow,” asserted an owner.Meantime, at Thu Dau Mot Market, Ms. Tran Thi Hong, a merchant, informed that the egg price rose without a reason.“The buying will not stand down; however, we need the authority to stop the situation before it is too late. We may earn VND 2,000 per 10 eggs sold earlier but not it’s only VND 500,” she asserted.“Prices rise by year end. It’s almost a rule. This year, the influenza on poultries has been reported, causing the price to rise; however, not in such a sudden move. In our system, the price is normal thanks to cooperation with other suppliers,” Mr. Duong Vo Hieu informed as Director of CoopMart Binh Duong.in seeking the answer for sudden price high, we discovered that the sole supplier named CP Corporation which can be allegedly causing the prices to rise.“They have to explain,” said Mrs. Dao Thi Lan Huong, Director of Ho Chi Minh City Department of Finance in a recent emergency meeting of Ho Chi Minh City People’s Committee.Reported by Duy Chi – Translated by Vi Bao
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