The Ministry of Agriculture and Rural Development (MARD), on October 25, denied the information that domestic live pork prices dropped steeply partly because authorities had allowed importing pork massively into Vietnam.
Amid the situation that pork prices plunged steeply, which possibly causes farmers to abandon pig farming and the food supply to face a shortage at the end of the year, Minister of Agriculture and Rural Development Le Minh Hoan had a field trip to localities and offered many solutions.
C.P Vietnam Livestock Joint Stock Company sold pigs at VND81,000 per kilogram on July 7. According to the Dong Nai Livestock Association, at small-scale farms and pig-farming households, pigs were sold at VND89,000-VND90,000 per kilogram, up VND2,000-VND3,000 per kilogram compared to a few days ago; as for premium pigs, the price was VND93,000 per kilogram.
Pork price has remained high as supply still fails to meet demand, according to Minister of Agriculture and Rural Development Nguyen Xuan Cuong who was speaking at the ninth session of the 14thNational Assembly on June 13.
Assuming that the current prices of pork remain at high levels because farms and farming households are still selling pigs at VND73,000-VND78,000 per kilogram although 15 livestock enterprises have reduced their prices to VND70,000 per kilogram, the Ministry of Agriculture and Rural Development on April 8 issued a dispatch, calling for them to join hands in reducing pork prices.
The office of the Ministry of Agriculture and Rural Development on March 26 informed that nearly 1,500 tons of pork of the Russian corporation Miratorg has arrived at Cat Lai, Phuoc Long, and Hai Phong ports.
The business peak season of the lunar New Year has ended. The unofficial figures showed that the purchasing power of Tet market this year has risen by 10-15 percent over the same period last year while goods supply was diverse and plentiful and the price was fairly stable.
The Ministry of Industry and Trade on December 17 announced that, currently, enterprises have been promoting import of pork into Vietnam amid the situation that the price of pigs has risen to VND90,000 per kilogram and large husbandry enterprises are also taking advantage of high pork prices.
The prices of pork have been skyrocketing, forcing several families to replace pork by poultry meat. Meanwhile, the Ministry of Agriculture and Rural Development assured that the shortage of pork was merely around 200,000 tons, while other sources forecast a shortage of 500,000 tons of pork.