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Demand for processed products, confectionary surges before Tet

Update: February, 12/2015 - 09:00
Consumption of processed products and confectionary starts to rise drastically before Tet.— VNA/VNS Photo Ho Cau
HA NOI (VNS)  — The consumption of processed food and confectionary has started rising dramatically a week before the Lunar New Year festival (Tet).

Deputy Director General of Saigon Food Joint Stock Company Nguyen Thi Thanh Lam told Tuoi Tre (Youth) newspaper that the company has had to increase production by 10 per cent of processed seafood products such as dried cuttlefish and dried fish strips to meet the consumer demand.

The company's distribution system has nearly run out of these products, she added.

"The consumption of these products has increased beyond our expectations," Lam said.

The company plans to market 550 tonnes of processed products for Tet, a year-on-year increase of 10 per cent.

Truong Chi Thien, director of the Vinh Thanh Dat Company, said that the sale of egg products has increased by 10 per cent in comparison with last week.

The company has readied seven to eight million eggs as supply for Tet, a year-on-year rise of 15 to 20 per cent, he said.

Meanwhile, Deputy General Director of confectioner Bibica Corporation Phan Van Thien said that the company has achieved a consumption target of 1,400 tonnes of confectionary for this year's Tet, a nearly 15-per-cent rise compared with last year's Tet.

"The company is producing an additional 10 per cent of confectionaries of different kinds to meet the consumer orders, because the demand has increased unexpectedly," he said.

Chicken prices soar for Tet

The price of chicken is increasing rapidly in the capital as demand surges before Tet.

Chickens, one of the most important offerings on traditional Vietnamese altars during Tet, cost 20 to 30 per cent more than on regular days. At Hom Market in Hai Ba Trung District, chickens sold for VND180,000 (US$8.5) per kg, an extra VND40,000 ($2).

Nguyen Thi Lan, a vendor at Cau Giay Market, told Tien Phong (Vanguard) newspaper that the chicken price had been rising since the beginning of February.

"After Wednesday [Kitchen Gods' Day], the price might increase every day," she said.

Customers tended to store food before Tet as they were afraid that food providers would fail to meet demand, causing prices to increase, according to Ha Noi Supermarket Association Chairman Vu Vinh Phu.

A vendor at Ngoc Ha Market acknowledged that many of her customers had already booked chickens, especially breeds used for offerings, as they feared there would not be enough chickens for the holiday.

The surging price, however, does not benefit the sellers any more than it does the customers.

Tran Hop, a chicken vendor at Hom Market, complained about the high price of the poultry even when she bought directly from farmers.

"It is very hard now to collect the chickens from the farmers. Despite selling many, my profit is somehow little," she said.

Animal Husbandry Association of Viet Nam president Nguyen Dang Vang said that the increasing price of the chicken was nothing compared to the rising cost of farming-related products, such as poultry feed, which began a long time before Tet.

"This increasing chicken price cannot provide much profit for farmers," he said. — VNS

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