In the Ha Tinh market, companies have offered many product lines from popular to high-end. The price of cake boxes ranges from 280,000 VND to 3 million VND.
Moon cakes have been on the streets for more than 3 weeks now, but the number of customers is still quite low. Businesses in Ha Tinh are worried that purchasing power will decrease compared to previous "moon seasons".
The moon cake market at the beginning of the season is quite quiet.
At this time, in the central area of Ha Tinh city, many moon cake stalls with brands such as Bao Ngoc, Kinh Do, Huu Nghi, Khanh Hoa bird's nest... have appeared. Many agents, grocery stores, and supermarkets have also sold this item.
Ms. Nguyen Thi Diem Quyen - an employee of Kinh Do bakery stall on Ha Huy Tap street said: "The stall opened around the beginning of the 7th lunar month with a variety of products from popular to high-end. The retail price of cakes ranges from 57,000 VND to over 100,000 VND/piece. There are many types of cake boxes, the highest-end line at the stall is currently 1.9 million VND/box. However, because it is early in the season, consumption is not high, the average revenue is currently from 2 - 5 million VND/day".
Ms. Bui Thi Hien (Thach Dai commune, Thach Ha) shared: "Because my daughter likes to eat sweet cakes, I have bought 3 moon cakes for her children to enjoy since the beginning of the season. When the Mid-Autumn Festival is near, I will buy some more cakes to prepare for my children and some boxes to give to my family and relatives."
People buy moon cakes at Kinh Do cake stall on Phan Dinh Phung street.
To serve the Mid-Autumn Festival this year, cake companies have launched many mooncakes and mooncakes with flavors such as taro, durian, green beans, lotus seeds, mixed, roasted chicken with sauce, abalone, etc.
Therefore, distributors also sell unique cake boxes that are modern, luxurious but still traditional.
Typical examples include Kinh Do's Trang Vang and Trang Vang Black&Gold product lines, Huu Nghi's Thanh Nguyet collection, Omeli's Tam Phu Dai Cat and Trang Vang An Khang product lines... The prices of the cake boxes range from 280,000 VND to 3 million VND.
Moon cake boxes are diverse in design, price from popular to high-end.
Although the products are diverse in design and price, according to records at the booths, the number of customers coming to buy cakes at this time is still quite low.
According to traders, at present, the moon cake market is not at its peak, so purchasing power is still weak and compared to the same period last year, purchasing power is also much slower.
Retail revenue at Bao Ngoc mooncake counter reaches about 1 - 2 million VND/day.
Ms. Tran Thi Lam - owner of Bao Ngoc cake stall (Ha Huy Tap street) said: "Because it is not yet the official holiday, at this time, customers mainly buy a few cakes to enjoy. Some units and organizations are also researching and surveying prices to order large quantities as gifts. However, in general, the market, purchasing power has decreased compared to previous years. Currently, retail revenue at the stall is only about 1 - 2 million VND/day, and the number of companies and agencies placing orders is only 50% of last year. Worried about weak purchasing power, this year, we only imported about 80% of last year's quantity of cakes."
Not only Bao Ngoc cake distributor but many other businesses also predict that the purchasing power of moon cakes will decrease compared to previous years due to economic difficulties, so they only import a limited quantity.
This year, Huu Nghi bakery distributor reduced the amount of imported cakes by about 40%.
Mr. Le Duc Dinh - representative of Xuan Tinh Trading Joint Stock Company (Tan Lam Huong commune, Thach Ha) shared: "The consumer market has been quiet since the beginning of the year, most items have decreased purchasing power, moon cakes are short-season goods, so the company's import plan has decreased by about 40% compared to last year".
Ngoc Loan
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