return icon Vietnamnet.vn

Pig farmers incur losses, pork shortage for Tet holiday possible

With the current low prices, farmers will take a loss of VND2 million when selling a pig. If the prices keep decreasing, farmers will give up farming, resulting in pork shortage for Tet (lunar New Year) sale season.

{keywords}

 

More than 10 days ago, Nguyen Cong Bac, the owner of a pig farm with 10,000 pigs in Son La, had to sell pigs at VND42,000 per kilogram of live weight, which made him incur big loss. And he sold another 600 pigs on October 6-7 at VND36,000 per kilogram only.

“With the current price, I take a loss of VND2 million for every pig sold,” Bac said. “The households farming in small scale would incur a bigger loss, VND2.5 million per pig."

Meanwhile, the prices are continuing sliding. In the north, the prices are between VND36,000 and VND42,000 per kilogram. In the central region, the price is VND40,000-43,000 and in the south, the figure is VND42,000-45,000.

These are the lowest price levels since late 2019, when ASF epidemic appeared for the first time in Vietnam.

According to the Ministry of Agriculture and Rural Development (MARD), the total herd of pigs in the country has increased by 3.8 percent compared with 2020, raising the total amount of live weight pork to VND3.06 million tons, up by 5 percent compared with the same period last year.

The herd is gradually recovering from ASF, but farmers are facing difficulties as animal feed prices have increased by 16-30 percent since late 2020, while pork prices have been decreasing since late April because of the demand decrease.

Nguyen Van Trong from MARD confirmed that pork prices are decreasing because of the sharp fall in demand in large markets. The husbandry sector is under pressure because of the disruption of the supply chain during Covid-19. Meanwhile, the transportation cost increase has led to a big difference between the prices of pigs at farms and the prices of pork at retail markets.

Trong warned that as farmers incur big losses, they are reluctant to re-herd.

“If things keep going this way, the possibility of pork shortage for Tet sale is very high,” he said, adding that it would take 40 days only to re-herd fowls, but it would take six months to have merchandise pigs to launch in the market.

Therefore, local authorities need to support pig farmers to re-herd and avoid farming interruption. It’s also necessary to create favorable conditions for the transport of pigs, animal feedp, breeding and merchandise pigs. Commercial banks should extend debt payment deadline or freeze debts to help farmers keep farming.

MARD said it is working with livestock companies on re-herding pigs to ensure sufficient pork supply for the year-end sale season. 

Chau Giang

Pork prices plummet, breeders bemoan heavy losses

Pork prices plummet, breeders bemoan heavy losses

The price of live pigs is from VND47,000 to VND49,000/kg in some northern provinces and VND48,000 to VND52,000/kg in the central and southern regions, a strong drop compared to the previous months.  

Future is bright for Vietnam's livestock producers

Future is bright for Vietnam's livestock producers

Despite disruptions from the COVID-19 pandemic, higher feed costs and lower meat prices, livestock companies in Vietnam still recorded positive...

MORE NEWS

Rubber groups aim to cut China reliance

As China cuts down on its purchase of rubber from Vietnam, the latter has witnessed a sharp decline in its rubber market share in China.

VIETNAM NEWS HEADLINES JUNE 30

HCM City works hard to better quality of human resources

VIETNAM BUSINESS NEWS JUNE 30

Vietnam sees more chances for coffee exports to the US

Vietnam stops announcing new daily Covid-19 infection from June 29

The Ministry of Health (MoH) yesterday said that from June 29, it stops posting new daily Covid-19 infection. The daily announcement will have only the numbers of recovered cases, deaths, and vaccinated people.

Vietnam considers axing additional taxes to lower retail price of petrol

The Ministry of Finance has submitted a proposal to the Prime Minister in a bid to reduce the excise tax and value added tax, in addition to the environmental protection tax, as it seeks control rising petrol prices.

For sustained success, Vietnam should learn from the mistakes of others

Right now, Vietnam is full of promise. The recent ratings upgrade by S&P Global makes it likely that the country will be the next “rising star”, referring to the achievement of its first investment grade rating in the next few years.

Airlines busier, but still incurring losses

Despite the increase in the number of passengers, air carriers are still incurring losses due to the fuel price increase.

Ministry of Health explains reasons for not announcing end of COVID-19 pandemic

If Vietnam declares the end of the COVID-19 pandemic in the country, it will meet many difficulties in pandemic prevention and control and be hit by slower economic recovery, the Ministry of Health (MoH) has said.

Paris square named after Vietnamese pilot

A small square in the center of the 16th arrondissement of Paris now bears the name of Do Huu Vi, a Vietnamese national who was one of the first pilots of the French army.

UNCLOS greatly contributes to promotion of regional maritime cooperation: experts

The 8th Ocean Dialogue took place in Hanoi on June 29 under the theme “40th Anniversary of UNCLOS: Promoting maritime cooperation in Southeast Asia”.

Vietnam, UK hold 4th defence policy dialogue in London

Vietnamese and UK officials said they wish to turn defence cooperation into a pillar in the countries’ overall relations at the 1st session of the 4th Vietnam-UK defence policy dialogue held in London on June 29.

International Competition creates architectural plan for Vung Tau

Seeking a unique architectural plan and tourist landmarks for the coastal city of Vung Tau, Five Star International Group (Five Star Group) and Agritour & Green World organised an International Design Competition.

Investors rush to sell coastal villas to cut losses

Hundreds of million-dollar seaside villas in Da Nang, the “capital” of resort property, have been idle for over two years.

Global providers’ expansion plans make Hanoi coworking supply rise

The Vietnamese coworking market is growing exponentially as more and more people become aware of the benefits this niche brings from a business and productivity point of view.

Personal information needs more protection in Vietnam

Government agencies’ awareness about protection of personal data on online platforms remains low, according to speakers at a seminar held recently by UNDP Vietnam and the Institute for Policy Research and Media Development (IPS).
back_to_top