Vietnamese farmers keen on upsizing pig herds as prices skyrocket

Local pig farmers desperately wanted to recover their pig herds amid the pig undersupply and price upsurge on the local market, but existing conditions are not favorable for the effort.

Vietnamese farmers keen on upsizing pig herds as prices skyrocket

Consumers inspect pork products at a Co.opmart supermarket in HCMC. Local pig farmers desperately want to recover their herds amid the pig undersupply and price upsurge – PHOTO: TT

One of the main hindrances to the recovery plan is the high prices of breeding piglets, at VND115,000-VND120,000 per kilogram, while the number of piglets is not as high as before, Nguyen Kim Doan, vice chairman of the Dong Nai Livestock Association, told the Saigon Times on November 25.

Accordingly, farmers will need to spend VND2.4 million purchasing a 20-kilogram breeding pig. With possible losses of 10% and VND2.5 million worth of pig feed to raise the young pig, farmers will gain a full-sized pig weighing 100 kilograms.

Barring other complications, they can earn a profit by selling it at VND70,000 per kilogram. However, amid fear of another outbreak of African swine fever, they will likely sell the pig at a weight of 40 kilograms and will thereby encounter losses, he explained.

Further, small local farmers who have already suffered the impact of the disease with many sick pigs being culled, leaving farms abandoned, will have difficulty recovering their herds as they have run out of capital.

It was also learned that no cure or vaccine is available for the disease, leaving the possibility of a recurrence open, said the vice chairman.

New outbreaks have been recorded in some localities after some small farmers expanded their herds under substandard conditions. This prompted many others to balk at the recovery plan.

According to Dao Huu Thuan, owner of a local farming household in Dong Nai, one of the country’s major production provinces, his farms are now empty. Earlier, he incurred losses of approximately VND5 billion after culling his sick pigs and rushing to sell some 3,000 others to avoid being hit further by the disease.

 

Despite wanting to restart pig production, Thuan is still unsure of the plan, fearing new outbreaks.

Another Dong Nai-based farmer, Nguyen Quang Thuy, reported similar fears when purchasing an additional 36 breeding pigs over the past month. He has had to pay close attention to farming hygiene practices to ensure his pigs remain healthy.

Previously, the disease had slashed Thuy’s herds from 1,500 pigs to some 50 sows, 200 commercial pigs and 200 piglets, which were expected to be available for sale early next year.

The local market is forecast to face a pork shortage of an estimated 200,000 tons during the last two months of the year and over the Tet holiday, according to data from the ministries of Industry and Trade, Agriculture and Rural Development.

The Ministry of Industry and Trade has adopted multiple measures to stabilize the local pork market, including monitoring the supply and cross-border trade of pork products, evaluating the reproductive performance of the country’s pig herds and importing safe pork from other countries. SGT

Vu Yen

Higher pork prices push related food costs up in Vietnam

Higher pork prices push related food costs up in Vietnam

The sharp rise in pork prices has driven up the costs of related food in restaurants and markets.

Vietnam's inflation controllable despite soaring pork prices

Vietnam's inflation controllable despite soaring pork prices

This years inflation is controllable at 3.3-3.9 per cent, Deputy Prime Minister Vuong Dinh Hue said while chairing a meeting early this week regarding the recent surge in pork prices, an essential foodstuff.  

 
 

Other News

.
Proper mechanism needed to export farm produce by sea to China
Proper mechanism needed to export farm produce by sea to China
BUSINESSicon  15/01/2022 

The Ministry of Agriculture and Rural Development and the Ministry of Transport recently co-hosted a conference on promoting the export of agricultural products through maritime transport as a way of devising a proper mechanism for farm exports.

Hanoi to establish 2-5 new industrial parks by 2025
Hanoi to establish 2-5 new industrial parks by 2025
BUSINESSicon  15/01/2022 

The Hanoi government has approved a plan to establish an additional two to five new industrial parks (IPs) in the 2021-2025 period.

What’s behind Tan Hoang Minh’s sky-high bidding price?
What’s behind Tan Hoang Minh’s sky-high bidding price?
BUSINESSicon  15/01/2022 

Tan Hoang Minh won the bid in a ‘duel’ to buy the 3-12 land plot in Thu Thiem new urban area in HCM City, but finally gave up.

Vietnamese FDI attraction likely to hit US$40 billion this year
Vietnamese FDI attraction likely to hit US$40 billion this year
BUSINESSicon  15/01/2022 

Amid rapid economic recovery following the COVID-19 pandemic, Vietnam’s foreign direct investment (FDI) attraction this year is anticipated to record positive signs and hit US$40 billion, according to insiders.

Agriculture Ministry denies that cross-border exports are low-quality products
Agriculture Ministry denies that cross-border exports are low-quality products
BUSINESSicon  15/01/2022 

Vietnam exported $3.52 billion worth of vegetables and fruits in 2021, an increase of 8.6 percent over the year before. China remains the biggest client consuming 54.5 percent of the exports.

Online shoppers warned of cunning tricks
Online shoppers warned of cunning tricks
BUSINESSicon  15/01/2022 

Along with the popularity of online shopping in Vietnam come several cunning tricks of criminals to steal money from consumers. 

Vietnam to be Asia's next startup hub
Vietnam to be Asia's next startup hub
BUSINESSicon  14/01/2022 

In an interview with Bloomberg recently, Binh Tran - co-founder of Ascend Vietnam Ventures - said that Vietnam's nascent start-up sector is developing and Vietnam is becoming the next technology hub of Southeast Asia.

Police ask for documents of 11 Hanoi-based projects of Tan Hoang Minh Group
Police ask for documents of 11 Hanoi-based projects of Tan Hoang Minh Group
BUSINESSicon  14/01/2022 

The Police Agency for Investigation of Crimes on Corruption, Economy and Smuggling (C03) of the Ministry of Public Security has asked the Hanoi People's Committee to provide documents related to projects based in Hanoi of the Tan Hoang Minh Group.

US$15 billion bailout package a stimulus to economic recovery
US$15 billion bailout package a stimulus to economic recovery
BUSINESSicon  15/01/2022 

Given the severe impact of COVID-19, the National Assembly’s recent approval of a VND350 trillion (US$15 billion) economic recovery package is considered by businesses and experts as an extremely important leverage and motivation moving forward.

HAGL sells over 48 million shares to pay debts
HAGL sells over 48 million shares to pay debts
BUSINESSicon  14/01/2022 

Hoang Anh Gia Lai Joint Stock Company will sell more than 48.1 million shares of its subsidiary HAGL Agrico (HNG) from January 17 to February 15 to pay debt.

Lang Son to stop receiving fresh fruit vehicles from Jan 17 to Tet
Lang Son to stop receiving fresh fruit vehicles from Jan 17 to Tet
BUSINESSicon  14/01/2022 

The northern province of Lang Son has announced that it would stop allowing vehicles transporting fresh fruits to its border gates for export to China from January 17 until the lunar New Year holiday or Tet.

VIETNAM BUSINESS NEWS JANUARY 14
VIETNAM BUSINESS NEWS JANUARY 14
BUSINESSicon  14/01/2022 

Cashless payments account for over 70 percent of retail transactions in 2021

Stock market sets new record on billion dollars of capital inflow
Stock market sets new record on billion dollars of capital inflow
BUSINESSicon  14/01/2022 

The Vietnamese stock market continued to reach another historic record, with the largest number of new accounts opened in December after 21 years of operation.

WB forecasts Vietnam’s growth at 5.5 percent in 2022
WB forecasts Vietnam’s growth at 5.5 percent in 2022
BUSINESSicon  14/01/2022 

The World Bank (WB) has forecast that Vietnam’s economic recovery is likely to accelerate in 2022 as GDP growth is expected to rise to 5.5 percent from 2.6 percent in the year just ended.

Vietnam reconsiders electricity sources after making international energy commitments
Vietnam reconsiders electricity sources after making international energy commitments
FEATUREicon  14/01/2022 

Vietnam’s commitments at 26th United Nations Climate Change Conference of the Parties (COP 26) will have a big impact on the country’s energy system. 

Vietnam’s economic growth forecast to rebound strongly in 2022
Vietnam’s economic growth forecast to rebound strongly in 2022
BUSINESSicon  13/01/2022 

Some foreign financial organisations have issued relatively positive predictions for Vietnam’s economy this year, with growth expected at 6.5 - 6.7 percent.

Three factors behind FDI attraction in Vietnam
Three factors behind FDI attraction in Vietnam
BUSINESSicon  13/01/2022 

Low labour costs, a geographical location close to Asian supply chains, and Japan and the Republic of Korea (RoK)'s efforts to promote greater overseas investment are considered as three factors in boosting Vietnamese foreign direct investment (FDI).

Live streaming attracts young people to earn money
Live streaming attracts young people to earn money
BUSINESSicon  13/01/2022 

Making money on online platforms and social networks is increasingly popular in the labor market, streamer jobs have become popular keywords for many young people.

Ample room for Vietnam's aviation investment
Ample room for Vietnam's aviation investment
BUSINESSicon  16/01/2022 

Private investors will have more options to invest in aviation infrastructure, which has been dominated by state-owned enterprises. 

Power Development Plan VIII under revision again
Power Development Plan VIII under revision again
BUSINESSicon  13/01/2022 

The draft Power Development Plan VIII is being revised again and expected to be submitted to the Prime Minister for approval in the first quarter of 2022.

 
 
 
Leave your comment on an article

OR QUICK LOGIN