No market surge expected in May
(VOV) -Market prices are forecast to remain unchanged in May despite the constant downtrend in the prices of essential products such as oil and food.
The Domestic Market Department under the Ministry of Industry and Trade (MoIT) attributed the stabilized market prices in recent months to the balance between supply and demand.
However, there’s growing concern about the surging prices of dairy and nutrition products, posing challenges to State management agencies.
The MoIT is working with the Ministry of Agriculture and Rural Development (MARD) to conduct a survey on animal feed in southern provinces, as the husbandry sector is facing a rising cost of production.
In the meantime, the MoIT is cooperating with the Ministry of Finance to adjust petrol prices in line with global fluctuations to help local businesses ease difficulties.