Abundant pork supply will help stabilize prices

Pig price is currently at 66,000 - 74,000 VND/kg depending on the region. Thus, this price has decreased by 10,000 - 15,000 VND/kg compared to the peak period at the beginning of the year. However, this is also the price at which farmers have made a profit. It is forecasted that the price of live pigs will stabilize in the coming time thanks to the large supply from large-scale livestock enterprises and farms, helping to gradually stabilize the price of pork to consumers.

At the Tan Binh Commune Livestock Farm, Thai Binh City, Thai Binh Province, on average, 3,000 to 4,000 pigs are released to the market each day. At large-scale farms, the average is also 800 to 1,000 pigs.

At its peak, the selling price of live pigs reached 75,000 - 79,000 VND/kg. However, the price of live pigs has now dropped rapidly, sharply, by 10,000 - 15,000 VND/kg. Many forecasts show that in the coming time, the price of live pigs will stabilize due to more abundant supply.

Mr. Pham Ba Vang - Owner of Tan Binh Commune Livestock Farm, Thai Binh City, Thai Binh Province said: "Up to now, the situation in the Southern region has been quite stable. Currently, the amount of pigs transferred to the South is no longer significant. The North will balance supply and demand. In my opinion, the price of live pigs will soon return to a stable level."

Business activities at the Ha Nam Livestock and Poultry Wholesale Market these days are not as bustling as before. While 2 weeks ago, about 2,000 pigs were brought to the market every day, these days the number of pigs has decreased to just over 1,000. Many traders have closed the market because the supply in the localities has stabilized.

According to the Department of Animal Husbandry and Veterinary Medicine, Ministry of Agriculture and Environment, the total pig herd in the country is currently estimated at over 30 million, with an estimated output of about 5.5 million tons of live pigs, up 5% compared to last year. Abundant supply is the basis for the price of live pigs as well as pork prices at the market to decrease and gradually stabilize.

Pork imports increased by 38%

According to the Department of Animal Husbandry and Veterinary Medicine, the increase to 32 million heads at the end of last year was the highest in the past 5 years. Along with that, Vietnamese people's pork consumption has also tended to increase gradually in recent years. Last year, Vietnamese people's pork consumption was estimated at 37kg/person/year. Vietnam ranks 4th in the world in terms of pork consumption.

In addition to the number of more than 50 million pigs sold each year, businesses also import pork to serve domestic consumption needs.

Quick statistics show that as of March 25, Vietnam imported 32,900 tons of meat and 30,500 tons of edible by-products from pigs, 38% higher than the same period last year.

The largest markets supplying meat and meat products to Vietnam are India, Russia, the US, Brazil, Canada, Poland, the Netherlands... The average import price of pork is 2,700 USD/ton, equivalent to about 65,000 VND/kg.

Does meat import affect domestic pork prices?

With the increase in pork imports, many opinions say that this is the reason why the price of live pigs in the country has decreased rapidly and sharply recently. However, in response to this information, the Department of Animal Husbandry and Veterinary Medicine, Ministry of Agriculture and Environment as well as a number of livestock units affirmed that the imported meat only accounts for a very small proportion of the total amount of meat in the country, so it does not affect the price of live pigs in the country.

Mr. Pham Kim Dang - Deputy Director of the Department of Animal Husbandry and Veterinary Medicine, Ministry of Agriculture and Environment affirmed: "We have always imported and this is according to the policy of participating in the international market and the agreement with the countries that we still have to import if there is a need. I think that the amount of import does not affect the price of pigs, but currently the price of pigs is affected by the abundant supply from the country. When there is a signal that the market price is increasing, farmers, especially large enterprises, must change their farming methods."

"I think that pork imports do not affect domestic pork prices much because the imported amount is not too much compared to domestic demand. But if we do not control the import source well, especially smuggling across the border, it will lead to potential disease risks, threatening the domestic livestock industry," said Mr. Pham Ba Vang - Owner of Tan Binh Commune Livestock Farm, Thai Binh City, Thai Binh Province.

Some experts assess that the increase in meat imports is a pressure on the development of the industry from the perspective of livestock farmers. In terms of the market, from the perspective of consumers, this is also beneficial for consumers. This is the law of the market, enhancing the competitiveness of the Vietnamese livestock industry.

It is important to strengthen the control and supervision of imported meat types and quality by authorities to ensure a fair competitive environment and ensure quality foreign meat sources.

Source: https://baoquangninh.vn/nhap-khau-thit-khong-anh-huong-gia-lon-trong-nuoc-3353494.html