For many days now, the price of live hog in the country has started to increase, after a sharp decline at the end of last year and then leveled off. On April 18, the price of this item in many localities fluctuated at 54,000 – 58,000 VND/kg. At traditional markets, the price of pork after pieces is at 80,000 – 135,000 VND/kg depending on the type.
However, the current price of the same meat at the same stall is not the same. A small trader in Mai Dong market (Hoang Mai, Hanoi) said that the price of pork belly alone is different: “I sell pork belly with many prices, from 100,000 to 130,000 VND/kg. For example, a piece that is short, thick, and has loose fibers will sell for 100,000 VND/kg, and the more beautiful and delicious pieces will sell for a higher price. In general, it depends on the piece. Before, I sold the same meat for the same price, whoever bought it first got to choose first“.
This small trader added, with the new way of selling, customers want to buy at any price, if they choose a delicious piece that is expensive, the customer will be advised to change to a slightly less delicious piece. This also leads to fewer customer complaints and almost no notice that the selling price of pork has increased, as small traders cleverly set “reasonable” prices for each piece of meat.
Similarly, another small trader at Bach Khoa market (Hai Ba Trung, Hanoi) also said that pricing meat by pieces would help her to reduce losses and also gain more customers.
“Three only, big butt, lean shoulder… each type I also sell at different prices. Good meat is priced a little higher, less delicious, the price is lower. Or buy a lot, buy a big piece of meat, the price is a bit better. Having multiple prices to choose from is better than just selling one price. For example, if today sells bacon for only 130,000 VND/kg, tomorrow because of the increased import price, it will increase to 135,000 VND/kg, the customers will probably complain. Also dividing the prices from 110,000 to 135,000 VND / kg depending on the deliciousness of each piece, it is difficult for customers to realize that the price of pork has increased. Moreover, they also have the right to choose‘, said the merchant.
Another seller at Truong Dinh market (Hoang Mai, Hanoi) said that this is absolutely not a trick or a scam, but just a way to help both buyers and sellers feel more comfortable when buying. sell while the price of pork is rising.
“Even when importing thin pork, there are also different types, depending on whether the baby is big or small, lean or fat, so the price is also different. When pork prices slightly increase, people consumption They don’t need to know that we import each pig from 500,000 to 1 million VND. Therefore, the pork sold also has this and that, if it’s good, it’s more money, but if it’s less delicious, it’s also reasonable.‘, said this woman.
According to small traders, from about April 18, the price of imported pork has increased but not significantly, instead of increasing the selling price, they accept to eat a little lower profit. Talking about people’s purchasing power, small traders said that the market showed signs of decreasing purchasing power. The reason may be due to the hot weather, people are afraid to eat meat but often look to cool foods such as vegetables and fruits for their daily meals.
Talking about how the recent increase in live hog prices will affect consumers and farmers, experts economy agricultural products – Mr. Vu Vinh Phu said, live hog prices increased by about 7%, this figure is not large and basically does not affect the retail price of pork.
“The price of pork in the market is increasing, and the price of pork in the supermarket is still very high. The pork in the supermarket is usually from “consignment” dealers and distributors, who have traditionally sold pork at a high price that I call the “conservative price”.”said Mr. Phu.
However, according to Mr. Phu, a 7% increase in live hog prices for farmers may still be a loss. The reason is that recently, the conflict between Russia and Ukraine has reduced supply, pushed up prices of many feed ingredients and is expected to continue to increase until the end of the year. Mixed animal feeds by the end of March 2022 have increased by about 25-40%.
“Don’t think that the price of live pigs will increase but the farmers are happy, if you are not careful, you will still have a big loss”Mr. Phu added.
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