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Vietnam's Saigon Economic Times reported on September 7 that companies participating in Ho Chi Minh City's market stabilization plan said that the cost of instant noodles, rice noodles, rice noodles, pho and other costs are mainly raw materials, and fuel accounts for a small proportion
.
Therefore, the reduction of refined oil prices has little impact on the prices of necessary grains and foods
.
According to the Ho Chi Minh City Finance Department, merchants said that although the price of refined oil products has declined, other costs are still increasing and there is no sign
of decline.
In addition, with the end of the winter and spring harvests and the reduction in the supply of rice, enterprises are advised to maintain the registered flat prices
.
On the other hand, rice companies said that although the market was volatile in the previous (first and second quarters), the continuous adjustment of refined oil prices affected production and operation, but they still tried to cut costs to maintain stable prices
.
Merchants said that the price of instant noodles, rice noodles, rice noodles, pho and other commodities depends on key raw materials such as flour, palm oil, rice husks, coal bran, etc.
, accounting for 80%, and refined oil only accounts for 3%, so even if the price of refined oil has declined, it has little
impact on the overall price composition.
