February 29, 2024

Dropping sales of eggs in Ho Chi Minh City, Vietnam, as Tết holiday ends

Sales of eggs in Ho Chi Minh City, Vietnam, are falling following the country's Tết holiday, due to limited demand and changes in consumer diets for the vegetarian month.

Many carts on the city's streets are currently selling poultry eggs at very low prices, specifically, at ₫15,000-20,000 (US$0.62-0.82) for 10 eggs. Markets and supermarkets are also selling eggs at much lower prices compared to the period before Tết.

Vương Quang Dũng, director of Vương Huỳnh Produce Commerce and Services Company Limited, which farms egg-laying chickens in Đồng Nai Province, said that about a month before Tết, chicken eggs were priced at ₫1,900 (US$0.08) per egg, but then have gradually decreased to ₫1,300-1,500 (US$0.05-0.06).

The decrease in poultry egg prices is due to bakeries switching from using fresh eggs to egg powder. Additionally, early Tết holidays for factory workers and extended school closures have led to a significant decline in demand, as cafeterias for workers and students are major buyers of eggs and meat.

According to egg-laying chicken farms in Vietnam's southern region, farmers are facing losses of about ₫200 (US$0.01) per egg at the current price level.

Phạm Thị Huân, chairwoman of the board of directors of Ba Huân Joint Stock Company, said that poultry egg supply following Tết was very abundant.

Trương Chí Thiện, chief executive officer of Vĩnh Thành Đạt Food Joint Stock Company (V.Food), said that egg consumption was normally low in the first month of the lunar year. As such, V.Food is focusing more on processing egg products.

— VNS