Saturday, 09/11/2024
Bắc giang 21 °C / 20 - 30 °C
Hotline: +84.0204.3 856 624

Business
Hot news:
Business
icon
0.5 1.0 1.5
Shares:
icon-zalo

Pork prices hit 5-year high

Updated: 15:13, 10/11/2019
Pork prices in Vietnam have hit a 5-year high at VND71,000 ($3) with domestic production hurt by the African swine fever epidemic.

This is an increase of 18 percent from a month earlier, according to updated data from the Vietnam Animal Husbandry Association.

Nguyen Xuan Duong, acting head of the Department of Livestock Production, said that prices have been rising as Tet, the Lunar New Year Festival, nears, and it is uncertain when the trend will stop.

{keywords}

Pork is displayed for sale at a market in Hanoi.

Prices at major pork producers are now up to VND64,000 ($2.76) per kilogram. Nguyen Dang Phu, deputy director of food company Vissan, said that pork prices at the company have increased six times in the last two weeks.

The government has ordered ministries, agencies and provinces to try and stabilize live pig prices and ensure adequate pork supplies until the end of this year, keeping increased imports as an option.

Domestic supply of pork, which accounted for 70 percent of all meat consumed in the country last year, has been falling since the African swine fever broke out in February and spread to all localities.

Almost 5.7 million pigs have been culled so far because of the virus, according to the General Statistics Office. As of October, the number of pigs in stock had fallen by 20 percent year-on-year, it said.

In the first seven months, Vietnam imported $22.1 million worth of pork, 4.3 times that of the same period last year, according to the Ministry of Agriculture and Rural Development. Major import markets were Brazil, the U.S. and Poland.

Vietnam is expected to face a 500,000-tonne shortage of pork from July to next February, according to global consulting firm Ipsos Consulting.

Outstanding Vietnamese farmers in 2019 honoured
A ceremony was held on October 12 to honour outstanding Vietnamese farmers in 2019 on the occasion of the 89th founding anniversary of the Vietnamese Farmers Union.
FTAs open new chances for Vietnamese farm produce to access big markets
Opportunities created by free trade agreements (FTAs) for Vietnamese farm produce to access big markets in the world were explored at the 4th national farmers’ forum in Hanoi on October 11.
Bac Giang boosts farm produce trademark development towards clean agriculture
(BGO)- The northern province of Bac Giang is endowed with rich land, favourable terrain and climate to develop high-tech agriculture with many kinds of valuable farm produce. As defining it a strength of the local, Bac Giang province has provided a number of policies and schemes to support farmers and accelerate investment attraction in agriculture especially commodity products for export.
Quang Ninh approves 36 million USD hi-tech farming zone
The People’s Committee of northern Quang Ninh province has approved the establishment of a hi-tech farming zone, expected to cost 829 billion VND (35.7 million USD), in Dam Ha district.
Vinh Phuc to develop Vinh Son into snake farming-tourism site
The northern province of Vinh Phuc is working to sustainably build Vinh Son commune into a destination of concentrated snake farming and related tourism-services.

Source: VnExpress

Shares:
icon-zalo
pork-prices-hit-5-year-high.bbg

Reader's comments (0)

Your comment...