Will the live hog price drop further in Vietnam?

Published 2020년 11월 5일

Tridge summary

The Department of Industry and Trade of Ho Chi Minh City reported to the People's Committee on the plan to supply staple foods in the city, highlighting the economic impact of the Covid-19 pandemic and natural disasters. The report discussed the significant decrease in pork prices, averaging about 20% since June 2020, due to the government's permission to import live pigs from Thailand. Despite market price increases for rice from March to now, businesses have maintained stable selling prices. However, prices for vegetables, tubers, and fruits have surged due to prolonged storms and floods, with cabbage, spinach, and corn seeing increases of up to 32.8%.

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

Original content

On November 5, the Department of Industry and Trade of Ho Chi Minh City submitted to the People's Committee of Ho Chi Minh City a report on the plan to supply staple foods and foods in the city. According to the Department of Industry and Trade, since the beginning of 2020, the Covid-19 epidemic has had a strong impact on the economy of the country, in which the industry of tourism, hotels, restaurants, trade, production ... Difficulties are increasing when natural disasters, storms, floods, epidemics (African swine fever, ...) are rampant in the central provinces in the last months of 2020. The unpredictable and complicated developments have had a strong impact on the The most economic is production, livestock and poultry, market prices, purchasing power. Through market survey, after the Government allowed the import of live pigs from Thailand, the source of pork imported to Vietnam was increasing, the price of live pigs tended to decrease. Specifically, from June to 2020, the ...

Source: CafeF