Rise pork prices and increasing demand Vietnam due to African swine fever

At farms in the north and the south, prices have increased by VNĐ5,000 - VNĐ10,000 per kilogramme in the last several days. In the northern region they have gone up by VNĐ4,000 in just the last two recent days. In northern provinces such as Thai Nguyen, Hai Duong, Ninh Binh, and Hung Yen and Ha Noi, prices are at VNĐ41,000 - 44,000.

Nguyen Van Thanh, a pork trader in the north, said prices are rising because traders are buying to stock for the end of the year festive season, especially the Lunar New Year, while the number of pigs is reducing rapidly.

ASF has broken out in 62 of the country’s 63 provinces and cities, and more than three million pigs have been culled, severely affecting the balance between demand and supply. Pork prices in the south have increased from VNĐ30,000 - VNĐ31,000 to VNĐ35,000 - VNĐ36,000.

Nguyen Xuan Duong, acting director of the Ministry of Agriculture and Rural Development’s department of livestock production, said ASF had killed 15 per cent of the country’s pigs while the demand for pork in the last few months of the year is usually very high, especially during Lunar New Year when most traditional dishes are made from pork.

Prices would continue to rise from now, he said.

To combat this, the Ministry of Agriculture and Rural Development had instructed businesses and farming households to expand their pig herds with close monitoring, he added.

Source: VietnamNews