Industry and Trade ministry promote domestic pig sector
>> Five measures proposed to save pig-farming industry
The Ministry of Trade has urged shopping centres and supermarkets to help the domestic pig sector.
The ministry held a meeting on April 27 to discuss urgent measures to support local breeders in the context of a sharp fall in pork prices. The ministry suggested the main reason for the slump in pork prices is the heavy reliance of Vietnamese breeders on exports to China.
Around 300 tonnes of pigs a day was exported to China in the past. So many Vietnamese households rushed to raise pigs. However, since the middle of last year, demand has fallen in China and there is now an over-supply of pigs in the domestic market.
The ministry also pointed out that pigs are mainly raised by households or small farms which are then bought by slaughterers and traders to be sold at markets.
To help deal with the situation, the ministry will instruct industry and trade departments to co-operate with agriculture and rural development departments of localities to work with processing firms, slaughterhouses and distributors to enhance pig purchases. The ministry will hold a programme to connect enterprises with pig farms and breeders.
Businesses have talked about agreeing pig purchase contracts with farms, aiming to have stable and effective outlets. The ministry has asked the government to offer preferential loans for slaughters, pork processing firms.
Meanwhile, shopping centres and supermarkets have been urged to cut pork prices to help boost demand. In reality, many supermarkets such as Co.op mart, Big C and Vissan have already slashed their pork prices by 5-10%.
The ministry suggested that in the long run, the pig-farming industry needs to apply advanced breeding technologies to raise the quality of pork to meet the higher demand of importers. The ministry will also actively research more export opportunities.
The ministry held a meeting on April 27 to discuss urgent measures to support local breeders in the context of a sharp fall in pork prices. The ministry suggested the main reason for the slump in pork prices is the heavy reliance of Vietnamese breeders on exports to China.
There is now an over-supply of pigs in the Vietnamese market
Around 300 tonnes of pigs a day was exported to China in the past. So many Vietnamese households rushed to raise pigs. However, since the middle of last year, demand has fallen in China and there is now an over-supply of pigs in the domestic market.
The ministry also pointed out that pigs are mainly raised by households or small farms which are then bought by slaughterers and traders to be sold at markets.
To help deal with the situation, the ministry will instruct industry and trade departments to co-operate with agriculture and rural development departments of localities to work with processing firms, slaughterhouses and distributors to enhance pig purchases. The ministry will hold a programme to connect enterprises with pig farms and breeders.
Businesses have talked about agreeing pig purchase contracts with farms, aiming to have stable and effective outlets. The ministry has asked the government to offer preferential loans for slaughters, pork processing firms.
Meanwhile, shopping centres and supermarkets have been urged to cut pork prices to help boost demand. In reality, many supermarkets such as Co.op mart, Big C and Vissan have already slashed their pork prices by 5-10%.
The ministry suggested that in the long run, the pig-farming industry needs to apply advanced breeding technologies to raise the quality of pork to meet the higher demand of importers. The ministry will also actively research more export opportunities.
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