Hanoi: Small businesses have a headache because pork prices keep increasing in Vietnam

Published Jul 11, 2022

Tridge summary

The article reports a significant increase in the price of pork in Hanoi, Vietnam, with live pork priced at 64,000 VND/kg, a rise of 5,000 VND from the start of the month. Prices have surged by 15,000-30,000 VND/kg across various markets, causing concern for small traders. The price hike is attributed to the high cost of Chinese pigs and low export volumes, amidst stable gasoline prices and unchanged live pig and animal feed prices. The situation has led to concerns about profitability and has driven traders to reduce pork imports. Despite the increased cost of live pigs, the high cost of animal feed continues to pose a challenge for farmers.

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

Original content

In recent days, the price of pork has continuously increased, making small traders extremely "headache". Specifically, the price of live pork in Hanoi today (July 11) fluctuated at 64,000 VND/kg, an increase of 5,000 VND compared to the beginning of the month. According to recorded at a number of people's markets, traditional markets in Hanoi city such as Hom-Duc Vien, Nguyen Cong Tru (Hai Ba Trung district), Thanh Cong market, and Ngo Sy Lien market (Dong Da district). , the price of pork has increased by about 15,000-30,000 VND/kg compared to the beginning of the month., Specifically, buttock meat is currently priced at 100,000 VND/kg, lean shoulder, lean loin 150,000-160,000 VND/kg, three only 130,000-135,000 VND/kg, shoulder and loin ribs from 100,000-130,000 VND, pork leg 130,000- 130,000 VND. 160,000 VND/kg…, According to many small business traders here, the price of pork has increased "hot" since the end of June, up to this point, the "dancing" is constantly making them ...

Source: VNRuralEconomics