Nghe An commodity market stable during Tet
From the afternoon of the first day of Tet, some shops and services began to reopen; the third day of Tet gradually became more vibrant, with entertainment centers and venues opening their doors to welcome people to celebrate Tet.
Abundant goods, stable prices
Through the survey, the market supply and demand situation before, during and after the Lunar New Year At Ty was not unusual. Market price movements in localities in the province were generally stable because the demand for shopping on the first day of the year was not much, most people had fully shopped before Tet.
According to the Department of Industry and Trade, for the food group, the total average rice consumption demand of the whole province is about 20,000 tons/month (average individual consumption of 06 kg/person/month), the demand during Tet month is up to about 22,000 tons/month. The amount of rice available at distribution facilities serving Tet is about 4,000 tons (mainly concentrated at Thanh Nghe Tinh Food Joint Stock Company, BigC supermarket, MM Mega market, Vinmart system, food stores, general stores, markets...). At the same time, in rural areas, people mainly consume self-produced rice, with an estimated reserve of about 18,000 tons.
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 is insignificant due to the abundant supply of locally produced rice and rice from the South.
Retail prices of some rice products are relatively stable compared to the same period last year, specifically: The retail prices of delicious rice produced in the province range from 18,000-21,000 VND/kg (in districts and towns) and in Vinh City, the selling prices of Thai rice and jasmine rice range from 20,000-23,000 VND/kg, Hanoi sticky rice 27,000-32,000 VND/kg, Thai sticky rice 30,000-35,000 VND/kg...
The retail prices of agricultural products decreased slightly compared to the same period in 2024, specifically: grade 1 black sesame is about 60,000 VND/kg; grade 1 peeled peanuts are about 55,000 VND/kg; grade 1 green beans (peeled) are about 40,000 VND/kg.
For fresh food products: The supply of fresh food products during the Lunar New Year 2025 is guaranteed to be stable, without shortage of supply, ensuring the supply of consumption needs of local people, specifically:
Livestock, poultry and aquatic and seafood meat group: The total average fresh food demand of the whole province is about 14,000 tons/month (equivalent to about 04 kg/person/month), Tet demand is about 18,000 tons/month.
The prices of livestock and poultry meats basically remained unchanged compared to the same period last year, specifically: beef tenderloin prices ranged from 240,000-270,000 VND/kg, beef shank 260,000-280,000 VND/kg; pork rump prices ranged from 110,000-150,000 VND/kg; live chickens sold in districts and towns in the delta cost about 110,000-130,000 VND/kg; at markets in Vinh City, prices ranged from 130,000-150,000 VND/kg.
Seafood supply is abundant, retail prices remain stable compared to the same period in 2024, specifically: Red tilapia costs 65,000 VND/kg, freshwater shrimp costs 200,000 VND/kg, squid costs 250,000 - 300,000 VND/kg, grade 1 mackerel costs from 270,000 - 300,000 VND/kg...
For the group of green vegetables, tubers and fruits: Demand is about 20,826.5 tons of vegetables, tubers and fruits of all kinds/month (equivalent to about 5.5 kg/person/month). The main supply is within the province, local output can meet about 24,863 tons/month.
Thanks to dry weather and abundant vegetable supply, prices of vegetables and fruits in the province remain stable, with some types increasing slightly compared to the same period last year, specifically: Malabar spinach 10,000 VND/bunch; water spinach 10,000 VND/bunch; Malabar spinach 12,000 VND/bunch; squash 20,000 VND/kg; squash 10,000 VND/kg; cabbage 10,000 VND/kg; kohlrabi 8,000 VND/kg.
Consumer goods group: Total demand for cooking oil is estimated at 2,202 tons/month; Dried agricultural and forestry products are estimated at 4,318 tons/month... The main sources of supply are in the province (large suppliers such as: Nam Long Company Limited, Go! Vinh supermarket, MM Mega market, Muong Thanh Phu Dien supermarket, TheCity Do Luong), northern and southern provinces and cities.
The retail prices of beer are relatively stable, specifically: Hanoi canned beer is priced at about 255,000 VND/carton, Vida canned beer is priced at about 230,000 VND/carton, Heiniken canned beer is 455,000 VND/carton. The retail price of sugar has decreased slightly compared to the same period last year, fluctuating around 26,000 VND/kg. Cooking oil and items such as seasoning powder and salt have relatively stable retail prices, specifically: Retail price of Tuong An soybean oil: 70,500 VND/1 liter; Simply soybean oil 69,500 VND/1 liter bottle; Neptune oil 65,000 VND/1 liter bottle; Aji-ngon seasoning 900g: 81,500 VND/package; Knorr bone marrow seasoning 900g: 79,000 VND/package; In particular, instant noodles have a slight retail price increase, ranging from 99,000 - 116,000 VND/box.
This year's Tet, the types of ornamental plant pots are very diverse and abundant, from small to medium and large with many different prices, the retail prices of these items are generally still the same as the same period last year, from 220,000-550,000 VND/pot (small for table), to 700,000-900,000 VND/pot to millions of VND. On the occasion of Tet, the selling prices of specific types of flowers and ornamental plants are as follows: Chrysanthemums: 100,000 VND/dozen; lilies 70,000 - 80,000 VND/branch, flowers, kumquat trees for table are priced from 300,000-800,000 VND/pot...
Fruit prices have increased by 20-30% compared to normal days and are relatively stable at the same time last year. Specifically, bananas for incense are from 200,000-350,000 VND/bunch, grapefruit is from 50,000-65,000 VND/kg.
Continue to monitor and stabilize the market after Tet
According to Mr. Nguyen Van Hiep - Head of Trade Management Department, Department of Industry and Trade, on the occasion of Tet this year, distribution units such as Thanh Nghe Tinh Food Joint Stock Company, Nghe An Agricultural Products and Foodstuff Company Limited, Nam Long Trading Company Limited, supermarket systems: Go! Vinh, MM Mega Market, Winmart,... convenience stores such as Winmart+, Bibigreen,... and trade centers, goods distributors, markets and wholesale traders, petroleum distributors in the province have developed plans to prepare goods for Tet with a total reserve of goods estimated at about 10,000 billion VND.
Some distribution enterprises in the province have expanded their distribution systems, registered to cooperate with retail units to open essential sales points to serve the Lunar New Year, such as: Thanh Nghe Tinh Food Joint Stock Company, Nam Long Trading Company Limited with sales points in Dien Chau, Do Luong districts, Thai Hoa town and mountainous districts...
In general, prices of essential goods have not increased much compared to Tet 2024, some items remain at the same price to serve people's shopping needs, there has been no phenomenon of price fever or sudden price increase.
Currently, the prices of essential goods are relatively stable due to low demand. According to the rule, in the first days of the year, people mainly visit spiritual areas and large entertainment venues across the country. These places will attract many visitors to visit and have fun, so it is predicted that the prices of services such as private parking, food and beverage services and incense offerings may increase compared to normal days. In addition, some carbonated soft drinks, beer and soft drinks near tourist attractions by small businesses serving the needs of tourists during the Spring may increase in price.
The Ministry of Finance recommends that ministries, branches and localities continue to closely monitor the supply and demand developments and market prices of goods under their management, especially essential goods and goods with high price fluctuations in the area, to proactively develop plans to ensure a balance of goods, meet people's consumption needs, stabilize the market, and avoid shortages, disruptions in goods sources, and sudden price increases.
Demand for gasoline and oil consumption during the Tet holiday increased compared to other months. The main supplier is Nghe An Petroleum Company and other distributors including Phuc An Maritime Joint Stock Company, Luu Nga Company Limited, Do Luong Trading and General Joint Stock Company, etc. In the first quarter of 2025, the main traders and distributors of gasoline and oil plan to reserve about 297,000 m3, in which key traders and distributors such as Nghe An Petroleum Company plan to reserve about 208,500 m3, Do Luong General Trading Joint Stock Company 3,150 m3, Phuc An Maritime Joint Stock Company about 3,230 m3, Luu Nga Company Limited 2,305 m3and other wholesale traders and distributors about 80,000 m3.
