Pig prices in Vietnam have increased again these days because of the lower supply from the Thai big import.
On Friday, pig prices of CP Vietnam Livestock Joint Stock Company were at VND75,500 (USD3,282) per kilo, up VND5,000 against late November. Meanwhile, the prices ranged between VND77,000-80,000 per kilo at many other pig breeding farms in the northern region.At Da Kao Market in District 1 and Ba Chieu Market in Binh Thanh District, HCM City, a kilo of pork is from VND150,000 to VND200,000, depending on the cut and type.
This is opposite to forecasts in early December about the stable pig prices in the Vietnamese market as the Lunar New Year or Tet Holiday is coming.
Le Xuan Huy, deputy general director of the CP Livestock Joint Stock Company, the main reason for the higher pig prices was the decline in pig imports from Thailand.
“Due to Covid-19, Cambodia has not banned the transit of Thai pigs before being imported into Vietnam, reducing the supply for the Vietnamese market,” Huy specified.