Business
Pork prices forecasted to continue rising
  • | dtinews.vn, VietnamNet | October 17, 2019 09:36 AM
The Ministry of Agriculture and Rural Development (MARD) has forecasted that pork prices would continue sharply rising until the Tet Holiday.

Pork prices have been increasing since early this month and have reached VND55,000-63,000 (USD2.39-2.73) per kilo to date. The northern province of Bac Giang and Vinh Phuc have seen the highest price of VND63,000, meanwhile, the prices in the central and Mekong Delta regions range from VND50,000-60,000 per kilo.

  

Pork prices have been sharply rising


According the ministry, pork prices in Vietnam would keep growing, but not as high as in China as the number of pigs remains high at 25 million pigs, including 2.7 million sows at present.

The ministry also warned of pork shortage following the massive pig cull due to the recent African swine fever.

Nguyen Van Trinh, who was ever owner of a big pig farm in the northern province of Nam Dinh’s Nghia Son Commune, said that almost no local pig farms have been maintained so far, following African swine fever.

Pig numbers in many southern provinces such as Dong Nai and Can Tho has dropped by 60%.

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