Post-Tet food prices drop
(VOV) -Contrary to expectations, food prices have decreased considerably over the past few days of the lunar New Year (Tet) – the largest festival of the year.
Many traditional markets opened on February 1 - the second day of the lunar New Year, but the purchasing power was rather weak.
On February 4, food prices at Hanoi’s retailed markets were lower than the pre-Tet period. Bui Thi Ly, a shopkeeper at Nghia Tan market, attributed the limited purchasing power to an abundant supply of meat, fruit and vegetables favoured by warm weather.
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The prices of pork, fish and chicken are now between VND10,000-20,000/kilo less than the pre-Tet period.
Do Thi Duyen, a wholesale trader, said food prices are stable because of a high inventory level during the Tet holiday.
After taking in excess meat, most households prefer using vegetables for their daily meals, and an increase in vegetable supplies has kept their prices remain unchanged.