Going to 2-3 pork stalls at Ba Chieu market (Binh Thanh district) to buy 1 kg at a reasonable price, Ms. Nguyen Phuong Trinh (living in Binh Thanh district) said: "Pork price increased by nearly 40,000 VND/kg compared to the beginning of January. I went to several stalls to ask for the price but the sellers all quoted high prices."
According to Lao Dong on February 6, many pork traders at traditional markets are still closed for Tet. Those who are open for sale are importing limited quantities of goods due to weak purchasing power.
“I sell from morning until almost noon, with only a few customers buying meat. Because people mainly buy vegetables, pork sales are quite slow, I only import a few dozen kilos of meat and bones to sell at the beginning of the year, not as much as usual,” said Ms. Lan Anh, a vendor near Nguyen Tri Phuong market (District 10).
On the market, baby back ribs are currently priced at 220,000-230,000 VND/kg, pork belly is 180,000-200,000 VND/kg, shoulder meat is 130,000-150,000 VND/kg...
At Hoc Mon unit market (Hoc Mon district) - one of the largest pork wholesale markets in the city, many traders are still on Tet holiday, so the supply of goods to the market has decreased. This also causes prices at retail markets to increase.
The current pork shortage is expected to be short-term, as traders gradually return to normal operations. With the supply of pork pieces at unit markets gradually increasing, pork prices are expected to stabilize in the coming days.
Before Tet, pork prices had been on an upward trend. At the end of December 2024, the price of spare ribs reached VND190,000/kg, lean pork was VND220,000/kg, an increase of 18-25%. The reason is believed to be high consumer demand while supply is difficult.
