Vietnamplus

The volume of foodstuffs pouring into Ho Chi Minh City’s wholesale markets has been increasing rapidly in recent days and prices are mostly steady.

Russia earned 130.5 million USD from exporting 63,500 tonnes of pork and viscera to Vietnam in 2020, equivalent to 25 percent of Vietnamese pork imports, thereby becoming the largest pork supplier to the Southeast Asian nation.

The imported pork and declining meat consumption have pushed pork prices down, helping stabilise the consumer price index.

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).

The June consumer price index (CPI) rose 0.66 percent month-on-month and 3.17 percent year-on-year but was down 0.59 percent against December 2019, the General Statistics Office reported on June 29.

The first batch of 500 live pigs imported from Thailand arrived at a quarantine area in north-central Nghe An province on June 18.

The Ministry of Agriculture and Rural Development has given the green light to the importation of live pigs from Thailand for farming and slaughter, starting from June 12.

Vietnam imported more than 46,402 tonnes of pork and related products as of April 13, rocketing over 300 percent from the same period last year, according to the Department of Animal Health under the Ministry of Agriculture and Rural Development (MARD).

Minister of Agriculture and Rural Development Nguyen Xuan Cuong has urged livestock businesses to cooperate with the Government and with each other to bring the live pig price down from the current 75,000 VND (3.17 USD) to 70,000 VND per kg as from April 1.

Miratorg Agribusiness Holdings, Russia’s largest producer of pork, expects to export a total of over 50,000 tonnes of pork to Vietnam this year.

The prices of pork and face masks were the centre of discussion at an extraordinary meeting of the steering committee for pricing on January 31 under the chair of its head, Deputy Prime Minister Vuong Dinh Hue.

Prices of various consumer goods are predicted to increase at the end of the lunar year, an official of the Ministry of Finance (MoF) has said.

Vietnam recorded a year-on-year increase of 2.79 percent in the consumer price index (CPI) in 2019, the lowest level in the past three years, the General Statistics Office (GSO) said on December 27.

Large livestock enterprises should keep pork prices in check despite limited supplies on the domestic market due to African swine fever, Minister of Agriculture and Rural Development Nguyen Xuen Cuong has said.

The November consumer price index (CPI) in the northern province of Bac Ninh rose 1.37 percent from the previous month, the highest increase so far this year.

Climbing prices of pork and processed food were behind the 0.96 percent increase in Consumer Price Index (CPI) of November compared to the previous month.

Deputy Prime Minister Vuong Dinh Hue stated that this year’s inflation is controllable, at 3.3 – 3.9 percent, while chairing a November 18 meeting on the recent surge in prices of pork, an essential foodstuff.

Deputy Prime Minister Vuong Dinh Hue, who is also head of the National Steering Committee on Price Management, has recently issued instructions to authorities to cope with rising pork prices.

The Steering Committee for Price Management held a meeting in Hanoi on September 27, during which Deputy Prime Minister Vuong Dinh Hue said that if there are no unexpected factors, this year’s inflation can be kept at around 3.3 – 3.5 percent.

Vietnam is expected to import more pork in the coming months to make up for domestic shortages as African swine fever continues to spread, according to the Ministry of Industry and Trade (MoIT).