Should imports be stopped to save the price of pork in Vietnam?

Published Oct 14, 2021

Tridge summary

The article highlights the ongoing issue of high pork prices in Vietnam, despite significant drops from earlier in the year, with prices still ranging from 35,000 to 45,000 VND/kg. This situation occurs amidst farming losses, with consumers paying high prices for pork and challenges for food manufacturing industries. The article also discusses the impact of imported pigs on domestic prices, noting a increase of 62% in volume and 84% in value over the previous year, despite concerns about oversupply and potential further price drops. It also brings up the proposal for a temporary suspension of imported frozen pork to help the local industry and reduce prices, reflecting the complex challenges faced by the agricultural sector in Vietnam.

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

Original content

Many opinions suggest that the import of live and frozen pigs should be temporarily suspended to save the domestic pig price. Worth mentioning, while farmers make losses, consumers still have to buy pork at sky-high prices. On October 13, the price of pork in many localities continued to decrease by 1-2 prices, the general price of the three regions ranged from 35,000 to 45,000 VND/kg. In which, the North has the lowest price from 35,000 - 38,000 VND/kg, the South from 41,000 to 45,000 VND/kg, the Central and Central Highlands from 38,000 - 44,000 VND/kg. The price of pork has dropped sharply, but the market price is still towering. Survey yesterday at the people's market in Ho Chi Minh City, bacon is priced at 160,000 VND/kg, lean thigh is 130,000 VND/kg, lean ham is 150,000 VND/kg, old ribs are 150,000 VND/kg, young ribs are 200,000 VND/kg, cutlet 130,000 VND/kg. Looking back at last April, the price of live hog in 3 regions ranged from VND 73,000 - 78,000, double the current ...

Source: Vietstock