According to a survey, for nearly a month now, when the weather has started to get hot, the prices of seafood have started to increase, especially in the first two days of the holiday, the prices of these items have continued to increase.
Accordingly, the price of green crab is up to 550,000 - 650,000 VND/kg (6-7 crabs/kg), red crab is 350,000 - 450,000 VND/kg (6-7 crabs/kg); crab is priced at 600,000 - 700,000 VND/kg, fresh squid is about 400,000 VND/kg, lobster is 1.2 million VND/kg, chip chip is 150,000 VND/kg, pomfret is 200,000 - 250,000 VND/kg, snail is 200,000 VND/kg, snail is 250,000 - 300,000 VND/kg, mantis shrimp is priced at 230,000 - 290,000 VND/kg...
Prices have increased but purchasing power has still increased dramatically. As a long-time seafood trader at Vinh market, Ms. Nguyen Thi Minh Tam clearly understands the law of supply and demand of the market. During the holidays, people's demand increases so she proactively imported 3 times the quantity compared to normal days, but some items are still "sold out" on peak days.
Ms. Minh Tam said: “In addition to retail sales to customers, sales at markets and restaurants also increased 2-3 times compared to normal days. The price of fresh seafood increases daily, depending on the time, on average increasing by 30%. As for frozen seafood, the price is stable.”
In coastal tourist areas or seafood restaurants, the demand of diners has also increased 5-7 times compared to normal days. Prices have therefore also increased according to market fluctuations. Ms. Hai Minh, a tourist from Hanoi who came to Cua Lo for a vacation, said: “A month ago, at this same restaurant, ordering dishes for 4 people cost 1,500,000 VND, now with the same menu for 4 people, it has increased to nearly 2.2 million VND.
However, the price is listed, the owner has also quoted the price in advance and the customer agrees before making the dish. I think that price is acceptable because it is not because of the holiday that the restaurant "rips off", but because the price of seafood ingredients on the market has increased.
Nguyen Van Thuan, a long-time seafood restaurant owner in Quynh Bang (Quynh Luu), said: “Seafood is a commodity with high price fluctuations, depending on the catch and consumption demand, so it is understandable that prices increase during holidays and peak hot weather. The increase in market prices forces us to increase prices as well.
To ensure customers are “happy to buy and happy to sell”, seafood prices are updated daily and made public for customers to choose from. On the other hand, we also have to regulate so that seafood dishes do not increase in price too much due to processing costs.
The price of seafood has increased, and the demand for consumption is strong, so seafood farmers and fishers are very excited. Currently, fishermen in the coastal areas of Cua Lo, Dien Chau, Quynh Luu, etc. are actively sticking to the sea to have a source of goods to supply the market; households raising clams, shrimp, and fish are also actively harvesting to sell to traders when the price is "good".
Mr. Nguyen Van Sang, a fisherman in Nghi Hai ward (Cua Lo town) said: "Our boat fishes during the day, leaves at night and arrives at the wharf the next morning. The seafood caught is mainly fresh squid. This time, the price of squid has increased, from 400,000-600,000 VND/kg, traders buy at the wharf so we are very excited."
The five-day holiday falls during the hottest time of the year, so people tend to flock to beach resorts or choose to have meals at home. As a result, the demand for seafood increases, and prices fluctuate accordingly./.
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