Gold price develops unexpectedly, advice to buy gold without loss
Orange and tangerine prices drop, farmers struggle to find an output
The straight rows of glue have replaced the fruit-laden tangerine garden. Mr. Cao Xuan Lang slowly walked through the remaining old tangerine trees, reaching the rough trunk with his hands.
A few years ago, this garden produced dozens of tons of fruit each crop, traders came to the place to buy, and busily brought in and out the tangerine. Now, it's all in memory.
Mr. Lang recalled the harvest days, from early morning, the whole family was busy harvesting. The tangerines are full of large trays, making buyers and sellers bustling.
"There are years when the price is up to 15,000 VND/kg, a 2-hectare tangerine garden earns hundreds of millions of VND. Thanks to that, our people have the conditions to renovate their houses, buy and repair amenities, and their lives have improved significantly" - Mr. Lang added. See more...
Yen unexpectedly lacks momentum to increase
According to Lao Dong, the Japanese Yen (JPY) suddenly weakened in the trading session on March 21 despite recovering from its low in the previous session, pushing the USD/JPY exchange rate up to 149.50.
The main reason was the slowdown in Japan's national consumer price index (CPI) in February, putting downward pressure on the JPY. Meanwhile, the US Dollar (USD) received support from the US Federal Reserve's (Fed) forecast of only cutting interest rates twice this year, each time by 25 basis points. See more...
Pork prices remain high, predicting a period of stability
According to reporters at traditional markets, after many days of rapid increase, in recent days, pork prices have shown signs of slowing down but are still anchored at a high level. Lean shoulder meat costs from 120,000 - 135,000 VND/kg; pork belly, pork belly costs 110,000 - 130,000 VND/kg; young ribs, ribs cost 150,000 - 170,000 VND/kg...
According to a trader at a market on Khuc Thua Du Street (Cau Giay, Hanoi), although this price has decreased compared to a few days ago, it is generally still high, causing consumer purchasing power to decrease, and the business situation is also more sluggish. "If people used to buy about 1kg, now they only buy about 7-8 bunches. In the past few days, prices have also decreased slightly but not significantly compared to the increase" - this trader said.
Pork is a familiar food in family meals. However, recently, when pork prices have increased rapidly, people have sought an alternative to eating other foods.
"The price of pork is now too high, so my family has to eat more other foods such as chicken, eggs, peanuts, beans... I also hope the state will soon have a policy to stabilize prices, but the food price has increased so much that I go to the market and get dizzy" - Ms. Pham Thi Kim Hang (Hoang Mai district, Hanoi) shared.
Sharing with Lao Dong, Dr. Nguyen Xuan Duong - Chairman of the Vietnam Livestock Association said that the recent increase in pig prices is unusual but can be explained.
"Usually, the law is that after Tet, it will create a relatively low crisis. In recent years, we have produced well, so the shortage of crises only occurs occasionally, but this year this will not only last but even increase prices. The supply to the market is lacking due to reduced pork heads and hay heads" - Dr. Nguyen Xuan Duong said. See more...
