Agencies find way to help pig breeders

A conference was held in Hanoi on April 24 to discuss ways to help pig breeders and farm owners following serious drop of pig price.

Pig farmers suffer big loss as price drops severely (Photo: SGGP)

Pig farmers suffer big loss as price drops severely (Photo: SGGP)

A conference was held in Hanoi on April 24 to discuss ways to help pig breeders and farm owners following serious drop of pig price.

Minister of Agriculture and Rural Development Nguyen Xuan Cuong said at the meeting that during five past months, pig price gradually fell to VND21,000 ($1) per kilogram.

It is forecast that the price will continue decreasing in the next summer months. The Minister stressed it is at the lowest price during years in the world as well. 

The Animal Husbandry Association of Vietnam, animal feed fetches VND9,000 a kilogram and a pig requires 4 kilograms or VND36,000 to increase one kilogram of meat which is sold at VND23,000. This means pig farmers will be suffered a big loss. 

Oversupply is the reason for the price drop, said Minister Cuong. Within 20 past years, the figure of pig feeding increased by 20 times from 1.8 million tons a year in 1996 to 5.4 million tons in 2017 meantime people have different demand of meat for their meals. 

Furthermore, the process from breeding to slaughter to transport and supply also cause the price decline. 45 percent of pigs are raised in pig farming while 55 percent of pigs are bred in 3 million small-scale household farms without monitoring quantity.

Moreover, just a few enterprises process pig meat into different food but most of meat are sold in markets with high price. Singapore, Philippines, and China have giant demand of meat and all import a large quantity of pig meat yet Vietnamese meat can not enter these markets. Vietnamese pig breeders had not been in despairs before.

Minister Nguyen Xuan Cuong called for enterprises to purchase pig for freezing for future processing in a bid to share difficulties with pig breeders.  

Director of C.P Company Vu Anh Tuan pledged to buy pig for freezing as well as reduce prices of animal feed and small animal while Dabaco Corporation representative said that it has reduced prices of feeds and small pig by 5-7 percent last week and provide technology to farmers to curd diseases among the herd of pig. 

Enterprises proposed the Ministry of Industry and Trade to halt import meat. For long term, it needs to plan for the sector carefully. 

Minister Cuong said that the best way is to re-structure pig breeding and scale of the sector. The Ministry will set up a pork meat association to increase the connection between farmers and enterprises. Especially, it will expand export to Asian countries

As per the figure of the General Customs Department, since the beginning to March 15, nearly 7,800 tons of pigs worth $9.4 million has been imported into the Southeast Asian country, an increase of 15.8 percent on quantity and 21.2 percent on value compared to same period last year.

In first three months, the country imported nearly 41,000 tons of different meat.


By Van Phuc – translated by Anh Quan

Other news

Most view

Pig price goes up as traders snap up

Pig price goes up as traders snap up

A leader of the Department of Animal Health in the southern province of Dong Nai July 19 said price of pig in the province went up within three days as traders snapped up for selling in the North.

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

185 leading domestic & in't enterprises join in VN ETE 2018

The Vietnam Exhibition of Electrical Technology and Equipment (Vietnam ETE 2018) and the Exhibition of Products, Technologies for Energy Saving and Green Power (ENERTEC EXPO 2018) yesterday kicked off in HCMC’s Saigon Exhibition Convention Center in district 7.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

SAS profits VND 118bln

The Southern Airports Service Joint Stock Company (Sasco) which is listed under code SAS on the Unlisted Public Company Market (UPCoM), announced its second quarter’s financial report with net revenue at VND 634.5billion, an increase of 14 percent compared to last year.