Pork prices plunge in Vietnam

On March 22, the Department of Finance of Ho Chi Minh City said that in the context that the price of live hog has tended to decrease sharply after the period of stability since the Lunar New Year, the Department has issued a written request to adjust the selling price of this item for customers. with enterprises participating in the stabilization program. According to the Department of Finance, at the time of the latest price review (July 18, 2022), the price of live hog C.P Vietnam Livestock Joint Stock Company was VND 60,000/kg. Currently, the price of live pigs of this enterprise is 52,000 VND/kg, down 8,000 VND/kg, equivalent to a decrease of 13.3%. A representative of the Department of Finance said that in case the price of raw materials and input costs fluctuates by 5% or more (particularly in the period of price fluctuation, the rate of increase or decrease in raw material prices, input costs, etc.) are considered from 2-5%) or the market price fluctuates so that the ...