HCM CITY
(VNS) - Every day at Tan Xuan wholesale market in Hoc Mon District of Ho Chi
Minh City, about 5,000 pigs are sold to traders and transported to smaller
markets in the city.
Pig traders call the market an
"exchange floor" because it is like a stock exchange, except that
the commodity traded is slaughtered pigs. The wholesale market provides 55
per cent of the city supply of pork.
Around midnight, pigs halved at
slaughterhouses are transported to the market in refrigerated trucks. When
they get to the market, traders hang them head-down from the ceiling of their
registered kiosks. Buyers come to the market to compare prices before making
a selection. The price of pork in each transaction cycle depends on supply
and demand in retail markets.
Nguyen Hoang, a long-timer pig
trader at the market, says the price of pork goes up and down in one
transaction cycle, just like the stock market. If fewer slaughtered pigs are
transported to the market in the next cycle, the price goes up. But on days
when many pigs are slaughtered, the price goes down and those who buy a lot
of meat suffer losses.
After agreeing on a price, traders
either sell the whole pieces to smaller traders on the other side of the
market or cut the halves into smaller pieces to sell for retail.
"I've witnessed many people
having to sell the pork they just bought at a loss, or else no one would buy
from them," he said. "It's business. The misfortune of one is the
fortune of another."
For instance, he said, the price of
pork could be VND53,000 (US$2.5) per kilogram at the beginning of the
transaction cycle, but it could drop to VND 47,000 ($2.2) at the end of the
cycle.
"Once a trader makes an offer,
he pays for tens of tonnes of pork. Even if the price fluctuates by only
VND1,000, he could lose tens of millions of dong," he said. - VNS
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Chủ Nhật, 26 tháng 1, 2014
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