{"id":4170,"date":"2021-12-30T10:11:29","date_gmt":"2021-12-30T03:11:29","guid":{"rendered":"https:\/\/vinavetco.com\/?p=4170"},"modified":"2021-12-30T10:11:29","modified_gmt":"2021-12-30T03:11:29","slug":"lower-pig-price-causes-difficulties-for-recovery-of-husbandry-industry","status":"publish","type":"post","link":"https:\/\/vinavetco.com\/en\/specialized-news\/lower-pig-price-causes-difficulties-for-recovery-of-husbandry-industry.html","title":{"rendered":"Lower pig price causes difficulties for recovery of husbandry industry"},"content":{"rendered":"

\"\"<\/p>\n

The retail price of pork at the markets declined by VN\u011050,000 per kilo to VN\u011080,000-120,000 depending on the type of pork. Photo laodong.vn<\/em><\/p>\n

A sharp reduction in pig prices on the domestic market at present is causing difficulties in restoring the pig production industry after the fourth wave of the COVID-19 pandemic.<\/p>\n

The selling price of live hog is now only VN\u011035,000-36,000 per kilo, causing farmers to lose some VN\u01101.5 million per pig. In addition, now traders buy only 5-10 pigs each time compared to 30-50 pigs in the past, said Nguy\u1ec5n V\u0103n Chi\u1ebfn, a pig farmer in B\u00ecnh D\u01b0\u01a1ng Province.<\/p>\n

Chi\u1ebfn is still struggling to sell pigs though the price of live hog is very low, his farm has hundreds of pigs that need to be sold, vov.vn reported.<\/p>\n

The same situation was also reported at other farms and if that continues, the farmers would not have the opportunity to implement repopulation, Chi\u1ebfn said.<\/p>\n

Now, this is also occurring at farms of large livestock companies. Many businesses are also looking to sell off overweight pigs for less than VN\u011040,000 per kilo, down 50 per cent compared to mid-2020. For instance, CP Vietnam Livestock Joint Stock Company in \u0110\u1ed3ng Nai is selling overweight pigs from VN\u011036,000-38,000 per kilo.<\/p>\n

According to many farmers, the price of pigs has plummeted not only due to the impact of the pandemic, but also because many large enterprises planned to increase pig supply when the pork price surged recently, especially foreign-invested enterprises. Many foreign-invested enterprises have promoted pig production, such as CJ, Japfa and Newhope.<\/p>\n

The domestic enterprises have also invested in pig production and supply such as H\u00f2a Ph\u00e1t, Greenfeed, Thaco Agri and Ho\u00e0ng Anh Gia Lai.<\/p>\n

Meanwhile, the retail prices of pork at the market also declined by VN\u011050,000 per kilo to VN\u011080,000-120,000 depending on the type of pork, compared to the beginning of the month. However, those prices at supermarkets still stand at a high level of between VN\u0110180,000 and VN\u0110240,000 per kilo.<\/p>\n

V\u0169 Vinh Ph\u00fa, former deputy director of the H\u00e0 N\u1ed9i Department of Industry and Trade and also former chairman of the H\u00e0 N\u1ed9i Supermarket Association, told Infonet that there are many causes for that situation on the much lower selling price of live hog but much higher retail price of pork on the domestic market.<\/p>\n

The implementation of social distancing measures in many localities in recent months has reduced the demand for pork so traders have not purchased live hogs, he said. That has made the selling price of live hog decline at the farms.<\/p>\n

Moreover, Vi\u1ec7t Nam imported 125,600 tonnes of pork in the first nine months of this year. Meanwhile, the intermediary stage makes the selling price of pork to consumers much higher, he said.<\/p>\n

Ph\u00fa said the Ministry of Agriculture and Rural Development does not have a livestock husbandry plan following reality as well as slaughter chains, leading to oversupply and a reduction in the pig price. That has damaged the livestock industry.<\/p>\n

Meanwhile, the authorities in charge of price management, such as the Price Management Department (under the Ministry of Finance) and the Market Management Department (under the Ministry of Industry and Trade) loosened management over retail prices of pork, also causing serious problems for the livestock industry.<\/p>\n

According to Ph\u00fa, synchronous solutions are needed to solve this situation. It is necessary to support pig producers in terms of breeding, reducing taxes for feed and delaying payment for interest on bank loans.<\/p>\n

If there is no timely solution, the farmers will not carry out repopulation and the immediate risk is a shortage of pork for the upcoming Lunar New Year, Ph\u00fa said.<\/p>\n

Besides that, Nguy\u1ec5n T\u1ea5n H\u1eadu, director of T\u00e1m Do Livestock Co Ltd in \u0110\u1ed3ng Nai Province, said that now the selling price of pigs has reached a bottom while the State still allows importing pigs and pork, causing difficulties for the producers, vov.vn reported.<\/p>\n

The State has allowed importing pigs to stabilise the price of pork. Now, the wholesale price of pork has dropped to VN\u011065,000-70,000 per kilo, so the State should promote the export of pigs and pork, and also limit imports, said H\u1eadu.<\/p>\n

If this situation continues over the next six months, no farmers will have plans on repopulation, he said.<\/p>\n

Nguy\u1ec5n Kim \u0110o\u00e1n, vice chairman of the \u0110\u1ed3ng Nai Livestock Association, said that it is necessary to have quotas for pork imports and also quotas in the number of pigs for producers based on the balance of supply and demand in the market.<\/p>\n

It is difficult to predict the fluctuation of pig prices in the last months of this year because the price change depends on purchasing power after the pandemic, including the recovery in the operation of markets, restaurants, eateries, and school kitchens.<\/p>\n

Source: Vietnam News<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The retail price of pork at the markets declined by VN\u011050,000 per kilo to VN\u011080,000-120,000 depending on the type of pork. Photo laodong.vn A sharp reduction in pig prices on the domestic market at present is causing difficulties in restoring the pig production industry after the fourth wave of the COVID-19 pandemic. The selling price […]<\/p>\n","protected":false},"author":2,"featured_media":4171,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[133],"tags":[],"class_list":["post-4170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-specialized-news"],"acf":[],"yoast_head":"\nLower pig price causes difficulties for recovery of husbandry industry - Vinavetco<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vinavetco.com\/en\/specialized-news\/lower-pig-price-causes-difficulties-for-recovery-of-husbandry-industry.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lower pig price causes difficulties for recovery of husbandry industry - Vinavetco\" \/>\n<meta property=\"og:description\" content=\"The retail price of pork at the markets declined by VN\u011050,000 per kilo to VN\u011080,000-120,000 depending on the type of pork. 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