Deputy Minister: pork prices in Vietnam may stabilise by year end

The domestic pork prices could be stabilised by this year end, Deputy Minister of Industry and Trade Do Thang Hai said at a Government meeting on Tuesday in Hanoi.

Deputy Minister: pork prices in Vietnam may stabilise by year end
The pork price increase has been due to the high pork demand in the domestic market. — Photo vinanet.vn

The higher pork prices at present have affected the national consumer price index (CPI) and economic balance. This has also created more difficulties for people amid the COVID-19 pandemic.

The pork price increase has been due to the high pork demand in the domestic market while the local pork supply has fallen due to African swine fever, he said. Even if this disease ends, farmers could not promote production of pigs because of the fear that the disease returns.

Pig herds at large production enterprises have accounted for 35 per cent of the national pig herds and the rest is concentrated in small farming-households, he said.

There are two solutions to ensure balance between supply and demand as well as reduce pork prices, including re-production of pig herds and pork imports, Hai said. By year end, the local pork supply could reach the level it was before African swine fever.

For pork imports, the Government has requested the Ministry of Agriculture and Rural Development (MARD) to coordinate with ministries and sectors, such as ministries of Industry and Trade, and Planning and Investment, to import pork for domestic consumption. 

The Government has created favourable conditions in import procedures for meat importing enterprises, according to Hai.

 

Those solutions are expected to reduce pork prices at this year end, he said.

Deputy Minister of Planning and Investment Tran Quoc Phuong said the Ministry of Planning and Investment has worked with enterprises to import pork for domestic consumption but people do not have high demand for those products. Therefore, the enterprises have not dared increase pork imports.

According to MARD, the growth rate of pig re-production in the first quarter reached 6.3 per cent. Of which, 15 large pig production enterprises in the country had growth rate reaching up to 17 per cent.

The ministry reported that from the beginning of this year to April 13, Vietnam imported more than 46,402 tonnes of pork, an increase of 300 per cent year on year. Of which, the pork imports from Canada accounted for 25 per cent; Germany, over 19 per cent; Poland, 14 per cent; Brazil, 9.5 per cent; the US, 8.4 per cent; Spain, 6.7 per cent; and Russia, 4 per cent.  VNS

Pork price must be stabilised: Trade Ministry

Pork price must be stabilised: Trade Ministry

The Ministry of Industry and Trade (MoIT) has said pork must be eligible for price stabilisation due to the high demand for this essential good on the domestic market.

Vietnam imports 66,000 tonnes of meat in two months

Vietnam imports 66,000 tonnes of meat in two months

Vietnam imported nearly 66,000 tonnes of meat in the first two months of this year, according to the Ministry of Agriculture and Rural Development.  

 
 

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