Market news April 19

(VLO) Request for early implementation of two-component electricity price; Strong increase in mangosteen; Cheap imported soft-shell crab… are notable market information.

*Mangosteen increased sharply

On Facebook groups, traders and gardeners commonly advertise the price of green mangosteen mixed with chicken salad at 90,000 - 100,000 VND/kg retail, an increase of about 20% compared to last year. With peeled green mangosteen pulp, the price is 550,000 - 650,000 VND/kg, advertised as selected goods, large, juicy, crispy fruit.

*Cheap imported soft shell crab

Soft-shell crabs are a specialty of river regions and are quite rare on the market. Every year, this type is often priced twice as high as regular crabs.

However, recently, on online seafood markets or apartment residents' markets, they are being sold for 200,000-350,000 VND/kg (depending on size), equal to regular products and half as cheap as before. According to crab farmers, most of the soft-shell crabs on the market today are frozen, because domestic products are at the end of the season.

*Request early implementation of two-component electricity price

Currently, Vietnam applies a single-component price, which means payment is based on the amount of electricity used in a month. This calculation method is considered not to accurately reflect the costs incurred by the electricity industry (depreciation of assets, power lines, transformer stations, etc.) for each customer.

In a recent announcement, Deputy Prime Minister Tran Hong Ha requested the Ministry of Industry and Trade and EVN to soon implement a two-component price, including calculation based on consumption output and registered capacity used in the month. According to this mechanism, customers will pay separately for each 1 kW of capacity they register with the supplier each month. When not fully used, they will have to pay the cost, instead of the electricity industry bearing the cost and recovering it through price adjustment as is currently the case.

* Tra Vinh officially exports coconut nectar to Australia

The organic coconut nectar specialty processed by Tra Vinh FARM Company Limited (Sokfarm), Tieu Can District, Tra Vinh Province, has just successfully exported its first order to the Australian market. This shipment includes 04 products: Sokfarm organic coconut nectar concentrate, Sokfarm organic coconut nectar soy sauce, Sokfarm organic coconut nectar sugar and Sokfarm organic coconut nectar vinegar, with a total quantity of 4,000 bottles and bags.

*Snakehead fish price increased by 5,000 VND/kg

According to many snakehead fish farmers in the Mekong Delta, from the beginning of April 2024 until now, the price of commercial snakehead fish has started to increase to 35,000-36,000 VND/kg, an increase of 5,000 VND/kg compared to the beginning of 2024. However, at the current price, if farmers sell, they will only break even or lose capital.

HM

Source: https://baovinhlong.vn/kinh-te/ban-tin-thi-truong/202404/ban-tin-thi-truong-ngay-194-3182544/