Price ceilings for meat to be raised

The price ceilings for cattle and poultry meat listed in Ho Chi Minh City’s price-stablization program will be raised as of Thursday, the municipal Department of Finance has said.

The finance department said this was aimed to reduce the gap of 23 to 24 percent between controlled prices and market prices.

Particularly, prices of pig legs and half fat and half lean pork will be increased by VND9,000 (US$0.45) per kilogram to VND84,000($4.2) and VND89,000($4.45) per kilogram, respectively.

Poultry will also be priced up by 9.7 to 14.3 percent.

The price of home chicken for instance will be raised from VND57,000 ($2.85) to VND63,000 ($3.15) per kilogram and industrial chicken by VND4,000 to VND45,000 ($2.25) per kilogram.

Duck meat’s price will also be increased from VND57,500 ($2.875) to VND64,000 ($3.2) per kilogram.

The department said these prices are still 10 percent lower than market prices. – Tuoitre