Live hog price in Vietnam increased to the highest level in the region, but as soon as I entered the conference, I saw a decrease

Published 2023년 7월 28일

Tridge summary

Vietnam is projected to become the world's fifth largest pig farming industry in terms of head count and sixth in meat production by 2022. However, the price of pork has fluctuated sharply in recent years, causing losses for farmers despite the growth in the pig herd. The country also faces challenges in exporting pork and must focus on disease control and meeting standards to seek opportunities in the Chinese market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Mr. Le Thanh Hoa - Deputy Director of the Department of Quality, Processing and Market Development (Ministry of Agriculture and Rural Development) said so at the Conference to promote the development of pig production in the new situation coordinated by the Department of Livestock Production. Vietnam Agriculture Newspaper recently organized. According to Mr. Le Thanh Hoa, in 2022, Vietnam will become the country with the world's fifth largest pig farming industry in terms of head and sixth in meat production. As of June 2023, the total pig herd reached 24.68 million heads. The pig herd has grown well, but the price of pork has fluctuated sharply in recent years. In the period from January 2021 to June 2022, the price of live pigs for slaughter decreased by 30-50%, remained at a low level, then tended to increase gradually, but farmers still suffered losses. Mr. Hoa cited the erratic rise and fall of hog prices and said that the previous day he saw the highest price increase in the ...

Source: Danviet