Vietnam's pork prices fell to a record, proposing to tighten foreign meat imports

Published 2021년 10월 15일

Tridge summary

The Vietnamese livestock industry is grappling with significant challenges due to the COVID-19 pandemic, as highlighted by Nguyen Dang Vang, Chairman of the Vietnam Livestock Association. The industry has seen a dramatic decrease in product prices, leading to substantial losses for farmers, with pork prices plummeting by 45,000 VND/kg from their peak in 2019. This period has also witnessed a sharp increase in meat and egg imports, with pork imports soaring by 404% in 2020 compared to 2018. In an effort to aid the industry's recovery, the Vietnam Livestock Association has appealed to the Prime Minister for measures such as coordinated production, stricter import controls, tax adjustments, market opening for exports, and favorable credit policies for farmers.

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Original content

Nguyen Dang Vang, Chairman of the Vietnam Livestock Association, said that there are more than 2 million households raising pigs, nearly 2.2 million households raising cattle, nearly 7 million households raising poultry and hundreds of thousands of households raising cattle. other livestock. Recently, due to the impact of the COVID-19 epidemic, the livestock industry is facing unprecedented difficulties and challenges. Prices of many livestock products such as pork, chicken, duck, etc. have plummeted to a record. Specifically, in the first 9 months of 2021, the price of live pigs for slaughter decreased from 70,000-75,000 VND/kg, down to 35,000-40,000 VND/kg depending on the region. Compared to the time when the pig price peaked at about VND 100,000/kg in 2019, this is a record decrease. While the cost of raising pigs is about 55,000-60,000 VND/kg, farmers are suffering heavy losses. According to Mr. Vang, while the output of livestock products in the country is facing ...

Source: Vietstock