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Prices of livestock, poultry, eggs in Ho Chi Minh City increase up to 12 per cent

Christian Fernsby |
The prices of livestock, poultry and eggs in Ho Chi Minh City will increase by 2-12 per cent due to rising domestic gasoline prices.

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According to the city’s Department of Finance, local businesses have asked that the proposed increase in cattle meat, poultry meat, and eggs be 2-3 per cent, 6-12 per cent, and 6-8 per cent, respectively.

The businesses said transportation costs account for the highest, about 70 per cent of the total costs.

After participating in the city’s price stabilisation programme to keep prices stable and avoid price fluctuations for two months, starting a month before Tết (Lunar New Year), businesses have registered their products and price adjustments.

The city plans to launch this year’s price stabilisation programme in April.

The Department of Finance and other authorised departments and sectors will meet with businesses to agree to keep prices steady and announce them in early April.

Nguyễn Nguyên Phương, deputy director of the city’s Department of Industry and Trade, said the businesses only needed to prove that their input costs increased by 2-5 per cent so they could register price adjustment.

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