Nghe An: Goods for Tet holiday are abundant, purchasing power increased by about 30%

Total retail sales of goods reached about 7,000 billion VND

According to the Department of Industry and Trade,purchasing power of goods during Tetincreased about 30% compared to other months, total retail sales of goods reached about 7,000 billion VND/month.

For food group:The total average rice consumption demand of the whole province is about 16,000 tons/month, during Tet the demand is up to 18,000 tons/month.

The amount of rice currently available at distribution facilities is expected to serve Tet at about 3,000 tons (mainly concentrated at Thanh Nghe Tinh Food Joint Stock Company, BigC supermarket, MM Mega market, Vinmart system, food stores, general stores, markets...), importing about 10,000 tons within 5-7 days. At the same time, in rural areas, people mainly consume self-produced rice, accounting for about 40% of the province's total consumption, with a reserve of about 15,000 tons.

Agricultural products increased slightly compared to last month. Photo: Thu Huyen

Rice prices are stable due to abundant supply. However, before and after Tet, rice prices increased slightly, focusing on specialty rice and delicious sticky rice. The increase was insignificant due to the abundant supply of locally produced rice and rice from the South.

Specifically: The retail price of delicious rice produced in the province ranges from 10,500-12,000 VND/kg (in districts and towns) and in Vinh City the price is about 11,000-15,000 VND/kg; Jasmine Milk fragrant rice (South) costs from 14,800-15,000 VND/kg, Hanoi sticky rice is 24,300-28,000 VND/kg, Thai sticky rice is 28,200-30,000 VND/kg...

Agricultural products remained stable compared to the previous month, specifically: black sesame grade 1: 50,000 - 55,000 VND/kg,... Particularly for peeled peanuts grade 1 and green beans (peeled) grade 1, there was an increase of about 5,000 VND/kg: 50,000-60,000 VND/kg.

Fresh food group:

Supply of product groupsfresh foodDuring the Lunar New Year 2022, ensure stability, no shortage of supply, ensure to meet the consumption needs of local people, specifically:

+ Group of livestock, poultry and aquatic and seafood meat:

The total average demand for fresh food in the province is about 13,000 tons/month, the demand for Tet is about 16,000 tons/month. The production output in the province meets about: 38,330 tons (including 19,750 tons of livestock and poultry meat; 18,580 tons of various aquatic products, about 100,000 poultry eggs).

Pork prices at markets range from 130,000-150,000 VND/kg. Photo: Thu Huyen

Livestock and poultry meat: Retail prices increased by about 5,000-10,000 VND/kg compared to the month before Tet (depending on the market).

Live chickens are sold at the price of about 100,000-120,000 VND/kg in the districts and towns of the delta; at the markets in Vinh city, the price ranges from 130,000-150,000 VND/kg; beef tenderloin prices range from 240,000-270,000 VND/kg, beef shank prices from 250,000-280,000 VND/kg; pork butt prices have decreased compared to the same period last year and increased slightly by about 10,000-20,000 VND/kg compared to the previous month, specifically, the retail price ranges from 110,000-130,000 VND/kg.

Aquatic and seafood: All kindsseafoodAbundant supply, retail prices remain stable compared to the same period last year (depending on the type), specifically: Grade 1 mackerel has the highest retail price increase, up 50,000 VND/kg, average selling price ranges from 270,000-310,000 VND/kg; Large grass carp 5kg-7kg/fish is priced from 80,000-100,000 VND/kg, medium river shrimp is priced from 170,000-200,000 VND/kg...

+Green vegetables, tubers, fruits:

The demand is about 32,000 tons of vegetables, tubers, and fruits of all kinds/month (equivalent to about 10kg/month). The main supply is within the province, the local output can meet about: 39,947 tons/month.

The supply of vegetables, tubers and fruits in localities is abundant, keeping prices stable, specifically: mustard greens 8,000-12,000 VND/kg; Malabar spinach shoots 5,000-10,000 VND/bunch, potato shoots 5,000-8,000 VND/bunch, green squash 15,000-17,000 VND/kg,...

At supermarkets, vegetables and fruits are abundant and prices are stable. Photo: Thu Huyen

Consumer technology products group:

Total demand (sugar, milk, fish sauce, seasoning powder, MSG, instant noodles; dry food; cooking oil; iodized salt) is estimated at about 9,000 tons/month. Major suppliers such as: Nam Long Company Limited, BigC supermarket, MM Mega market, Vinmart system, supermarket system, general stores, retail, markets...

As Tet approaches, due to the high demand of people, the selling price of beers with New Year wishes has increased by 5,000-20,000 VND/carton (depending on the brand) compared to the same period last year, specifically: Hanoi canned beer costs about 245,000-260,000 VND/carton, Halida, Huda Gold 270,000-280,000 VND/carton, regular Huda 220,000-230,000 VND/carton, Heiniken 395,000 - 415,000 VND/carton, diameter: Retail prices on the market have increased slightly and fluctuate from 18,000-22,000 VND/kg.

Cooking oil and items such as seasoning powder, salt, and instant noodles have increased in price compared to the same period last year, specifically: Retail price of Tuong An soybean oil: 69,700 VND/1 liter; Simply soybean oil 65,500 VND/1 liter bottle; Neptune oil 62,000 VND/1 liter bottle; Aji-ngon seasoning powder 900g: 81,000 VND/package; Knorr meat and bone marrow seasoning powder 900g: 78,000 VND/package, instant noodles range from: 95,000 - 110,000 VND/box.

Processed food group:

In addition to essential goods serving people's consumption needs, during the Lunar New Year, consumer demand also focuses on traditional goods such as cakes, jams, candies, soft drinks, etc. About 400 tons of cakes, jams, candies of all kinds are consumed during the Tet holiday. The main sources of goods are from Ho Chi Minh City and Hanoi.

Some types of cakes, jams, candies, wine and high-end beer are imported by businesses, accounting for about 10-15% of the total quantity of goods consumed during Tet. Supermarkets and specialized stores on the streets are where these items are sold.

Flowers and ornamental plants for Tet:

This year's Tet, the types of potted ornamental plants are very diverse and abundant, from small to medium and large with many different prices, from 200,000-500,000 VND/pot (small for table), to 600,000-800,000 VND/pot to millions of VND. The selling prices of specific types of flowers and ornamental plants are as follows: Chrysanthemums: 100,000 VND/dozen; lilies 60,000-80,000 VND/branch, types of flowers, kumquat trees for table are priced from 300,000-800,000 VND/pot...

Near Tet, fruit prices increased by 20-30% compared to the same period last year, a significant increase compared to normal; specifically, bananas for incense were priced from 150,000-300,000 VND/bunch, grapefruits from 40,000-50,000 VND/kg. However, from the 3rd day of Tet, these items decreased slightly, specifically, bananas for incense were priced from 100,000-150,000 VND/bunch, grapefruits from 30,000-40,000 VND/kg.

Ensuring supply of goods for Tet

Mr. Cao Minh Tu - Deputy DirectorDepartment of Industry and Tradesaid: Entering the peak of the year-end market program, supermarkets, shopping centers, businesses, and goods distributors in the province have deployed to ensure the source of goods to serve the 2022 Lunar New Year, proactively research the market, develop production plans, and reserve goods reasonably and promptly to meet market demand during peak occasions, avoiding shortages, price hikes, or backlogs of goods after Tet and ensuring epidemic prevention work.

Leaders of the Department of Industry and Trade inspect the supply of goods at supermarkets in Vinh city. Photo: Thu Huyen

Although people's purchasing power has decreased due to the great impact of the Covid-19 epidemic, goods for Tet this year are still prepared in abundance by supermarkets, shopping centers, businesses, and goods distributors in the province, with rich and diverse designs, prices of most items are relatively stable, some items have high demand in the days before Tet, fruits, ornamental plants for Tet...

In general, this year during the Lunar New Year, the market for flowers and ornamental plants is rich and diverse, the selling price remains stable compared to the same period last year and increases by about 10-30% compared to normal days. Basic food groups have not fluctuated much compared to the same period last year, pork has decreased in price compared to the same period last year from 20,000 - 30,000 VND/kg, technology products have increased by 10-30% compared to the same period, there is no phenomenon of fever or sudden price increase.

After Tet, many production facilities and traders are closed for Tet so supply is more limited, therefore, prices increase compared to normal.

In particular, the price of worship items and New Year offerings such as flowers, fruits, areca nuts and betel nuts has increased. Areca nuts are 20,000-30,000 VND/fruit, chrysanthemums are 10,000 VND/flower...

The warehouse of essential goods at Nam Long Company Limited serves wholesale goods to districts, towns, and industrial parks. Photo: Thu Huyen

Previously, supermarkets such as Big C Supermarket, MM Mega Market, Maximark, Vinmart chain stores, Lotus Nam Dan, Huong Giang, Bibigreen, etc. and shopping centers, goods distributors such as Thanh Nghe Tinh Food Joint Stock Company, Nam Long Company Limited, Nghe An Agricultural Products Company Limited, etc. and markets in the province have proactively developed plans to prepare goods for Tet and committed to always having abundant supply and stable prices of essential goods on the days before or after Tet, even though purchasing power has increased, concentrated in some items such as: Fresh food (beef, chicken, vegetables, tubers, fruits, etc.), technological products (cakes, candies, beer, wine, soft drinks, etc.). Some distribution enterprises in the province have also registered opening points to sell essential goods for the Lunar New Year.

Big C Supermarket has developed a plan to supply some goods for the Lunar New Year 2022 with a total value of about 125 billion VND; MM Mega Market Center prepares goods for Tet with a total value of about 50 billion VND; Vinmart chain system of 42 stores in the province is about 50 billion VND; Nam Long Company Limited has a total value of about 40 billion VND; Nghe An Agricultural Products and Foodstuffs Company Limited has a total value of 29 billion VND; Thanh Nghe Tinh Food Joint Stock Company prepares rice for Tet with a total value of about 3 billion VND and registers many retail points for Tet in Vinh City and districts in the province; Petroleum distribution and supply units also fully prepare gasoline and oil supplies to serve Tet, specifically: Petrolimex Nghe Tinh Transportation and Service Joint Stock Company has a total value of about 22 billion VND, Phuc An Maritime Joint Stock Company has a total value of 18,825 billion VND, TH Do Luong Trading Joint Stock Company has a total reserve value of 10 billion VND,...