In order to ensure the motto ‘lower than market prices of products with same specification, type and quality by 5-10 percent’ of the Price Stabilization Program, on November 13, the Department of Finance of Ho Chi Minh City collaborated with relevant departments to adjust the prices of pork for a second time, increasing by VND8,000-35,000 per kilogram, depending on each product. After two times of adjustment, the price of ham was at VND118,000 per kilogram; the price of pork shoulder was at VND117,000 per kilogram; the price of pork chop was VND119,00 per kilogram; the price of pork rib was VND125,000 per kilogram; the price of pork hock was VND114,000 per kilogram; the price of pig armpit was VND117,000 per kilogram; the price of lean meat was VND140,000 per kilogram; and the price of pork belly was VND167,000 per kilogram.
According to Ms. Nguyen Huynh Trang, deputy director of the Department of Industry and Trade of Ho Chi Minh City, said that consumption of pork at markets in the city is currently decreasing due to concerns over diseases while pork consumption at price-stabilized stores, including Saigon Co.op, Satra and Vissan has climbed by 30 percent thanks to stable prices, ensured quality and clear origin. Consumption of other products, such as poultry meat and vegetables has also surged by 10-15 percent as they are products that replace pork and their prices are steady.
At the meeting, representatives of Vissan, San Ha, Sagrifood, Ba Huan and Satra all affirmed that besides taking care of their existing pig herds and poultry flocks, these enterprises also made plans to import pork from Brazil, the US, Spain, Belgium and Canada at prices from VND44,000 to VND48,000 per kilogram with total time from placing orders to displaying at retail stores at around 45-60 days.