Flower prices drop sharply on eve of Tet
Many Tet flower-selling venues in HCMC were teeming with residents coming to buy flowers and decorative plants on February 4, or the final day of this lunar year, as prices of flowers plunged by half, Tuoi Tre newspaper reported.
Flower vendors were in a race against time to offload their flowers so that they could go home as soon as possible to welcome the Lunar New Year.
A flower vendor from Nha Trang City said that the price of two chrysanthemum pots fell to VND1 million from VND1.4 million.
Le Chau Dien, residing in Go Vap District, said that he accepted losses to sell the rest of bonsai trees and flower pots, adding that two small-d chrysanthemum pots were priced at VND150,000, dropping by 50% against previous days.
Tang Minh Manh, a flower grower in Dong Thap Province, said that his family transported 1,000 pots of rose to September 23 Park one week ago. The remaining 50 pots sold for VND70,000 per couple today, the final day of the lunar year, Manh said, adding that the initial price of the two pots was VND140,000.
In addition, Gia Dinh and Le Van Tam parks were still awash with flowers this morning, with prices tumbling sharply. In particular, a couple of chrysanthemum morifolium pots dropped to VND200,000 from VND500,000, while prices of cockscomb and marigold slumped to VND50,000 and VND60,000 per two pots respectively, according to Nguoi Lao Dong newspaper.
Lao Dong newspaper cited a flower merchant named Nguyen Van Ba selling flowers at September 23 Park as saying that he had to sell all his flowers as the flowers had been transported from Ben Tre Province and could not be hauled back.
On the previous days, few residents came to buy flowers, he said, adding that however, on the eve of Tet, the park was crowded with people, and he had to discount prices by 60% to sell off all his flowers.