On November 25th, Mr. Nguyen Minh Duc, owner of Nhan Tuyet stall specializing in Lam Dong tomatoes, reported that produce prices at the market have dropped from their peak due to increased supply. Just two days prior, wholesale prices for Lam Dong tomatoes had soared to 38,000 – 39,000 VND/kg, the highest in over a decade due to supply shortages.
A representative from Thu Duc Wholesale Market Management Company confirmed that vegetable prices at the market have cooled as traders source goods from new origins.
For example, while Lam Dong produce previously came mainly from Don Duong and Lac Lam, additional supply is now coming from flood-free areas like Lam Ha to compensate.
Additionally, with North-South transportation restored, more goods are arriving from China. Notably, new products from Thailand, such as mushrooms, are also supplementing the supply.
Chinese chili peppers (right, in plastic basket) and Vietnamese chili peppers (in bag)
On the night of November 24th and early morning of November 25th, 1,578 tons of vegetables arrived at Thu Duc Wholesale Market, with many items seeing price reductions. The biggest drops were seen in Da Lat lettuce (down 10,000 VND/kg to 60,000 VND/kg), napa cabbage (down 5,000 VND/kg to 20,000 VND/kg), green mustard (down 4,000 VND/kg to 26,000 VND/kg), cucumbers (down 2,000 VND/kg to 18,000 VND/kg), and bitter melon (down 2,000 VND/kg to 30,000 VND/kg).
Two items saw price increases: chayote (up 2,000 VND/kg to 20,000 VND/kg) and red bird’s eye chili (up 5,000 VND/kg to 75,000 VND/kg).
Infographic: Gemini
Furthermore, supermarket vegetables, often priced lower than market vegetables, have also contributed to the cooling of market prices.
However, overall vegetable prices remain significantly higher than usual, impacting daily spending for households and restaurants.
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