Unprecedented shortage of pork in Vietnam

Published 2024년 1월 11일

Tridge summary

Vissan, a Vietnamese company, has offered discounts of up to 25% on pork products in preparation for the Lunar New Year, which is unprecedented. However, despite the promotions, pork consumption has dropped compared to previous years, leading to a decline in pork prices due to excess supply. This decrease in consumption is attributed to a variety of factors, including a reduction in purchasing power, an increase in the availability of smuggled pigs, and the impact of African swine fever. This has caused businesses to face difficulties, with some products difficult to sell and prices unlikely to increase during the Tet holiday.

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

Original content

Recently, reporting to the survey team of the Department of Industry and Trade of Ho Chi Minh City on the preparation and supply of Tet goods, Vietnam Animal Industry Joint Stock Company (Vissan) said that no enterprise has ever invested big to stimulate demand like this year, but pork consumption has never dropped like this year. Discount is still there According to Mr. Phan Van Dung, Deputy General Director of Vissan Company, from January 1 to February 9, 2024 (ie from November 20 to 30 of the Lunar New Year), Vissan organizes 2 promotions. In particular, phase 1 from January 1 to January 31, discounts 10% - 20% for some fresh products sold at all Vissan distribution systems on weekends (Friday, Saturday, Sunday). Phase 2 from February 1 to February 9 with discounts up to 20%-25%. "This is the first year that Vissan has run a strong promotion lasting more than 1 month before the Lunar New Year. Not only fresh pork products but also items that are often consumed strongly during ...

Source: Vietstock