Live pig prices across Vietnam have sharply increased, surpassing VND75,000 (USD3.36) per kilo in many northern localities, including Nam Dinh, Thai Nguyen, Ha Nam, Thai Binh and Hung Yen.
Pork prices on the rise
Hanoi’s pig prices have reached VND72,000 per kilo.
Since early this month, pig prices in most localities nationwide increased by VND15,000 per kilo to between VND65,000-75,000.
Nguyen Kim Doan, vice chairman of the Dong Nai Livestock Association, said that China is increasing pig imports from Vietnam for the country’s year-end demand, which is among the major reasons for higher pig prices.
Deputy PM Le Minh Khai has asked the ministries of agriculture and rural development, industry and trade, finance and localities to develop solutions to ease pork prices.
Khai requested tighter control over pig exports through border gates and strict punishment on pig price speculation.
Concerned ministries, agencies and localities need to encourage breeders to increase repopulation to ensure supply.
The Ministry of Industry and Trade has been ordered to co-operate with the Ministry of Agriculture and Rural Development to inspect the pork distribution system and pig slaughterhouses to timely prevent violations related to pork prices.
The General Statistics Office is responsible for assessing the impact of pork price rise on the consumer price index this year.