Latest News about pork shortage
Pork imports rocketed over the last two months as market demand surges ahead the Tet (Lunar New Year) holiday, which is only a few weeks away.
If pig farming firms continue to push pork prices up, they will suffer losses and damage as customers are forecast to use alternative meats and imported pork is likely to flood the local market until it dominates the pork market.
Deputy Minister of Agriculture and Rural Development Ha Cong Tuan affirmed that the ministry will not allow the pork price to increase dramatically as it has in China.
The amount of pork Vietnam imported in the first seven months of the year increased by 3.4 times in quantity, while the value rose by 4.3 times compared with the same period last year.