Food demand falls after Tet

Demand for goods at traditional markets and supermarkets in HCM City fell slightly after the Tet holiday, with only small price hikes.

Demand for goods at traditional markets and supermarkets in HCM Cityfell slightly after the Tet holiday, with only small price hikes.

Traders at traditional markets said that fresh food such as vegetables,meat and fish have been the best-selling items following the holiday.
Wholesale supply to these markets, however has fallen compared to the days before Tet, due to declining demand.

This was caused mostly by consumers stockpiling foodstuff prior to Tet, according to traders.

As a result, many traders have not bought large volumes of items fromwholesalers, said Vo Thi Trinh, a vegetable trader in Hung Vuong Marketin Binh Thanh district.

Traders said some items, suchas shrimp and fish, had increased in price by about 10 percent. Pricefor chicken and eggs are the same as pre Tet levels.

Asimilar situation is seen at supermarkets, with consumption fallingslightly and lower supply. However, unlike traditional markets, noprice increases have been seen.-VNA

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