Vietnam: Why did pork prices increase by 30% in just 1 week?

The price of live pigs nationwide continues to fluctuate, with traders in the three regions purchasing live pigs at around 64,000 - 69,000 VND/kg. On December 30, in the Northern region, the price of live pigs was traded at around 67,000 - 69,000 VND/kg. In the Central Highlands region, the price fluctuated around 65,000 - 68,000 VND/kg. There was no price adjustment in the Southern region, with purchases at around 64,000 - 68,000 VND/kg. Accordingly, Kien Giang, Tien Giang and Tra Vinh were the provinces with the lowest purchase price, at 64,000 VND/kg. Other localities in the region had a difference in buying and selling at 65,000 - 68,000 VND/kg. In Ho Chi Minh City, retail pork prices are still increasing by 20%-30% compared to a week ago. At Hoc Mon wholesale market, although the amount of pigs entering the market each night has not decreased (about 350-450 tons/night, equivalent to 4,700-6,000 pigs/night), due to high demand, the selling price has increased by 20%-30% in the ...