Vietnam: Pork imports increased by 404%, while live hog prices hit the bottom; the Vietnam Livestock Association urgently petitioned the Prime Minister

Published 2021년 10월 14일

Tridge summary

The Vietnam Livestock Association has appealed to the Prime Minister for solutions to enhance the sustainable development of the livestock sector. The association highlighted the challenges of fluctuating livestock prices and rising production costs. Despite being a major global player in various livestock categories and experiencing growth, the industry faces hurdles like low investment, inadequate management, and high production costs. The association proposed structural changes in the livestock and veterinary sectors, control on imports of livestock products, and measures to stabilize the market and promote domestic production. It also suggested negotiations for export markets and preferential trade policies for importing raw materials for animal feed and aquatic products.

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Original content

In a document proposing some solutions for sustainable livestock development to the Prime Minister, the Vietnam Livestock Association said that although the size of Vietnam's pig herd ranks 6-7, waterfowl ranks second. But what makes farmers headache is still the price of live pigs, poultry prices fluctuate erratically, while production costs are increasing. A survey by Dan Viet in some localities shows that the current live hog price in many localities has fallen below 40,000 VND/kg. In the North, the price of live hog today only fluctuates in the range of 35,000 - 38,000 VND/kg. The price of live hog in the Central - Central Highlands is slightly higher, but only fluctuates in the range of 38,000 - 44,000 VND/kg; while the price of live hog in the South is in the range of 40,000 - 44,000 VND/kg. Particularly, poultry prices after a long time at low levels have shown signs of increasing. According to the Vietnam Livestock Association, with an average growth rate of 5-6%/year, the ...

Source: Danviet