Business

Pig imports push domestic pork prices down

Efficient reproduction of pigs and enhancing imports of frozen pork and live pigs have made prices of live hogs fall, according to the Ministry of Agriculture and Rural Development (MARD).
Pig imports push domestic pork prices down ảnh 1Over the past week, live hog prices nationwide gradually decreased each day. (Photo: vnmedia.vn)

Hanoi (VNS/VNA) — Efficient reproduction of pigs and enhancingimports of frozen pork and live pigs have made prices of live hogs fall,according to the Ministry of Agriculture and Rural Development (MARD).

The ministry forecasts that pork supply will increase from the end of the thirdquarter, leading to stability in pork prices on the domestic market, accordingto the ministry's report on pork supply sent to the Government.

The report says so far, Vietnam has licensed companies from 24 countries toexport pork and poultry meat products to Vietnam.

In the first seven months of this year, Vietnam imported more than 93,248tonnes of pork, mainly from Canada, Germany, Poland, Brazil, the US, Spain andRussia, up 223 percent compared to the same period in 2019.

The ministry licensed imports of live pigs from Thailand to Vietnam forslaughter for food from June 12.

Deputy Minister of Agriculture and Rural Development Phung Duc Tien also saidViệt Nam did not set a quota for imports of live pigs and pork while theDepartment of Animal Health always created favourable conditions for customsclearance of pork imports. However, importing pork had been difficult asAfrican swine fever had reduced the global pig output by 12 percent.

Over the past week, live hogprices nationwide gradually decreased each day.

According to the MARD, theproduction cost at present is VNĐ71,000 per kilo of live hog if breeders buypiglets for production and VNĐ50,000 per kilo if they build a chain from pigletproduction to pig production.


Tien said the ministry andagencies will continue to work to prevent the COVID-19 and African swine fever,and breed pigs to ensure enough pork supply for domestic consumption fromthe end of the third quarter.

By the end of July, pigs for slaughter reached 4.87 million head, up 17percent year-on-year. The domestic husbandry industry expects to produce 5.17million pigs by the end of the third quarter and 5.36 million in the fourthquarter, up 68 percent compared to the volume at the beginning of this year./.
VNA
#frozen pork #Ministry of Agriculture and Rural Development #live pigs #African swine fever #Vietnam #VietnamPlus #Vietnam news
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