Surge in retail price of chicken

Within the last month, retail price of processed industrial chicken has risen by VND15,000-17,000 per kilogram at markets in Ho Chi Minh City.

Price of industrial chicken increased by VND10,000 a kilo to sell at VND32,000-35,000 per kilo. Chicken drumsticks also surged to VND75,000 a kilo from VND60,000 a kilo; chicken wings climbed from VND68,000 to VND85,000 a kilo; and chicken breasts rose to VND60,000 from VND50,000 a kilo.

Retail price of homebred chicken also increased by VND10,000 a kilo. On December 9, the price of processed homebred chicken swung between VND150,000 and VND170,000 a kilo, depending on gender.

According to traders, the price started to inch up at the beginning of November, adding VND3,000-5,000 a kilo each week. Due to a low marginal increase, consumers remained unaffected by the price rise, but now with an increase of VND10,000 to 17,000 per kilo, consumers have begun to complain.

An increase in prices has helped ease debt burden among chicken breeders, as wholesale prices had been lower than cost price by VND3,000-5,000 a kilo for the last several months. However, consumers might prefer buying other meats as chicken is no longer very affordable.

By Th.H – Translated by Thuy Doan

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