Pork price in 01/2019 has witnessed a slight increase
According to the Import and Export Department (Ministry of Industry and Trade), domestic price of pork has had a slight increase of VND 1.000-2.000/kg compared to the end of 12/2018.
Update on domestic livestock market developments, in 01/2019, domestic price of pork has increased by VND 1.000-2.000 / kg compared to the end of 12/2018. This comes from the impact of African swine epidemic risk (ASF) from China and the increase in imported pork when Vietnam has joined the CPTPP Agreement (According to the Import and Export Department, Ministry of Industry and Trade).
The increasing demand for preparing food for the Lunar New Year and the supply affected by foot-and-mouth disease has led to a slight increase in the price of pork. In the Northern region, pork prices have fluctuated around 46.000 – 50.000 VND / kg, while in the South, pork prices have fluctuated in the range of 47.000 – 52.000 VND / kg. In the Central region and the Central Highlands, prices have been in range from 41.000 to 50.000 VND / kg.
Mr. Nguyen Xuan Duong, Acting Director of the Department of Livestock Production (Ministry of Agriculture and Rural Development) said that there is no shortage of pork for the Ky Hoi Lunar New Year market since the supply is abundant. Particularly, pork production has increased by 2% to 3.8 million tons; poultry meat increased by 6.5% to 115 million tons; egg increased by 11% to 11.8 billion eggs.
Mr. Duong also stated that in order to avoid the status of abundant supply but still high prices, the industry and trade sector must firstly predict the demand and the agricultural industry needs to accurately identify the supply, at the same time increase the propaganda for consumers, livestock and supply to know the reality.
On the occasion of Tet holiday, the demand for meat is often increased by about 25%, in which the price increase of meat products, especially pork, affects consumer price index (CPI) so this is relatively one of the Government’s concerns.
Source: Saigon giai phong