Pig price increases by VND1,000 – 2,000 per kg in January, 2019

The Import-Export Department under the Ministry of Industry and Trade said pig price has increased by VND1,000-VND2,000 per kilogram in January, 2019 compared to December, 2018 because the possibility of African Swine Fever (ASF) from China and surge of imported pork volume after Vietnam’s ratification of the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP).

Pig price increases by VND1,000 – 2,000 per kg in January, 2019

In the North, price of pig has been fluctuating at VND46,000 - VND50,000 ($1.98 - $2.15) per kilogram meanwhile in the South, pig price has been retailing between VND47,000 - VND52,000 a kilogram and in the Highlands and Central it is VND41,000 - VND50,000 per kilogram.
Pig price surged because of dwindling supply caused by the foot-and mouth disease while demand for Tet holiday (the Lunar New year) is higher.
Nguyen Xuan Duong, acting director of the Department of Livestock Production under the Ministry of Agriculture and Rural Development, said no fear for shortage of pork in the holiday because of abundant supply.
Pork production leaped by 2 percent with 3.8 million tons while poultry meat went up by 6.5 percent with 115 million ton and eggs escalated by 11 percent with 11.8 billion ones.
Mr. Duong said the industry and trade must importantly predict correct demand and supply in addition to increasing information of the supply to consumers and farmers to curb plentiful supply but high prices.
Animal meat demand usually rises by 25 percent in the country’s special holiday affecting the Consumer Price Index (CPI); hence, the government take heed to the matter.

By VAN PHUC - Translated by NHA CA

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