Prices stable in Hanoi as city recovers from Super Typhoon Yagi


A woman wades through a flooded street following the impact of Typhoon Yagi, in Thai Nguyen City, Vietnam, September 11, 2024. REUTERS/Thinh Nguyen

HANOI: Prices have remained mostly stable as Hanoi is left reeling from the damage caused by Super Typhoon Yagi, Asia’s most powerful storm this year.

The latest report by the city’s market watch said prices of eggs, meat and fish have not increased much, while fresh vegetables and seafood have seen significant increases.

Massive flooding in some northern provinces has reduced the capital’s food supply. Prices for pork, beef and poultry have not seen large increases, with local vendors claiming there is ample supply of meat for residents.

In addition, prices of fruits have not changed much as demand has plummeted. Consumers are reportedly prioritising essential items like rice, instant noodles, salt, sugar, cooking oil and other dry foods, which have not seen major price hikes.

Vegetables, on the other hand, have seen significant price increases since yesterday as farm products around the capital city were destroyed by rising water. The city’s local markets reported prices for fresh vegetables increasing by as much as 20% to 40%.

Vegetables that can last for longer periods such as pumpkins, squash, potatoes and radishes were among the most popular products. — Viet Nam News/ANN

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Pertama Digital reassures investors after 30% fall
TotalEnergies to grow oil and gas production
PUMM hosts competition to inspire young entrepreneurs
High childcare costs in America weigh on women’s employment
SupportLine
Strong growth forecast for MPI on EV and chip demand
Financial conditions stable
UK, EU to hold first post-Brexit summit in 2025
Ringgit weakens against the greenback
Samaiden’s Bahau solar job to see 16% profit gain

Others Also Read