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Earlier this year, egg prices plummeted. At the time, some even questioned why we weren't exporting eggs to the US, given the severe egg shortage there. But now, the prices of all kinds of eggs in Vietnam have skyrocketed, doubling compared to eight months ago. What's the reason for this price increase?

- Observing the price drop allows us to deduce that the price increase is inevitable. When eggs are dirt cheap, businesses suffer losses, forcing many farms to scale back production. Another factor is exchange rate fluctuations, which affect production costs. And thirdly, domestic consumption increases due to the Mid-Autumn Festival mooncake season; egg exports also increase. With demand exceeding supply, prices are bound to skyrocket.

- Rising egg prices benefit poultry farmers, and sellers also profit. But will this favorable price trend last?

- For now, due to strong demand and low supply, high egg prices will persist. When the market sees high demand, some farms will start expanding their flocks again. Therefore, egg prices may cool down next year. Farmers rushing to expand their poultry flocks at this time may not necessarily succeed. Eggs are similar to oranges, sweet potatoes, or durian; an oversupply in the market is problematic.

- Besides optimizing production, diversifying output is always necessary. Putting all your hopes in one place will only lead to losses when things go wrong. This applies to all agricultural products; to be sure of success, you need to have wide-ranging distribution channels.

TU QUEO

Source: https://www.sggp.org.vn/rong-cua-bao-tieu-post807909.html