Will there be a situation of 'fever' for pork prices during Tet in Vietnam?

Published 2020년 12월 25일

Tridge summary

The article reports on the significant increase in live pig and pork prices in Vietnam, with the price range currently between 70,000 - 78,000 VND / kg for live pigs and 52,000 - 163,000 VND / kg for finished pork. This surge is attributed to various factors, including disease, increased re-herding, increased imports from Thailand, and the impact of COVID-19. The price increase has led to concerns and efforts to reduce prices to below 70,000 VND / kg, as directed by the Minister of Agriculture and Rural Development. Additionally, the article highlights the impact of the high pork prices on the cost of food items that use pork, necessitating price increases for these items.

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

Original content

The price of live pigs is currently traded in the range of 70,000 - 78,000 VND / kg. According to many forecasts, the live hog price will be close to 80,000 VND in the near future, Mr. Le Xuan Huy, Deputy General Director of CP Vietnam Joint Stock Company, said that the live hog price from now until the Lunar New Year is certain. will increase, but it is difficult to "increase shock" as last year. After the African swine fever epidemic, the re-herding increases by 10%, according to the calculation of the Ministry of Agriculture and Rural Development that the re-herding in many places has reached 85% compared to the previous time. when cholera broke out. In addition, the amount of live pigs imported from Thailand also increased sharply, plus imported frozen pork increased in the fourth quarter to help "keep the price" of the pork significantly, this taste analyzed. 3 days ago, the price of live pigs sold The output of large companies increased sharply from 2-3 prices. CP Vietnam ...

Source: Cungcau