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    Home > Food News > Food Articles > Live pig prices "bottomed", Vietnamese pork imports still increase by nearly 145%

    Live pig prices "bottomed", Vietnamese pork imports still increase by nearly 145%

    • Last Update: 2021-08-27
    • Source: Internet
    • Author: User
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    Vietnam’s " Customs Online" reported on August 18 that since August 2021, domestic live pig prices have continued to fall due to the impact of the new crown epidemic , sales have decreased, and supplies have recovered
    .
     
    According to data from the Ministry of Industry and Trade of Vietnam, the current national live pig price is between 51,000 and 55,000 VND/kg, a decrease of 2,000-3,000 VND/kg from the end of July 2021, which is the lowest level since mid-2019
    .
     
    Restrictive orders to control the spread of the new crown epidemic in Ho Chi Minh City have made it difficult for pig farms in Dong Nai to produce
    .
    At the same time, feed prices continue to rise, causing many farmers to sell in advance to reduce losses
    .
     
    It is worth noting that although the price of live pigs has fallen sharply, the prices of pork in butcher shops, mini supermarkets, traditional markets and supermarkets are still at a high level due to the simultaneous increase in related costs, especially transportation costs
    .
     
    The Ministry of Industry and Trade of Vietnam stated that from now until the end of the year, the African swine fever epidemic will still exist in some places and regions, and the epidemic may still occur again; while production costs, intermediate costs, and domestic livestock product prices remain high
    .
     
    According to estimates by the General Administration of Customs of Vietnam, Vietnam imported 80.
    85 million tons of chilled or frozen pork in the first half of this year , with an import value of US$187.
    1 million, a year-on-year increase of 154.
    8% in imports and a year-on-year increase of 144.
    9% in imports
    .
    The average import price was US$2,314/ton, a year-on-year decrease of 3.
    9%
    .
     
    Among them, Russia is Vietnam's largest pork supplier, exporting 33,86 thousand tons of pork to Vietnam, with an export value of 93.
    38 million U.
    S.
    dollars.
    The export volume increased by 414.
    1% year-on-year and the export value increased by 405% year-on-year
    .
    The average export price reached US$2,757/ton, a year-on-year decrease of 1.
    8%
    .
     
      The Ministry of Industry and Trade of Vietnam stated that although the scale of live pig production in Vietnam has basically returned to the level before the swine fever epidemic, due to the gap in supply and demand, Vietnam will continue to import pork
    .
    Customs epidemic
     
      According to data from the Ministry of Industry and Trade of Vietnam, the current national live pig price is between 51,000 and 55,000 VND/kg, a decrease of 2,000-3,000 VND/kg from the end of July 2021, which is the lowest level since mid-2019
    .
     
      Restrictive orders to control the spread of the new crown epidemic in Ho Chi Minh City have made it difficult for pig farms in Dong Nai to produce
    .
    At the same time, feed prices continue to rise, causing many farmers to sell in advance to reduce losses
    .
     
      It is worth noting that although the price of live pigs has fallen sharply, the prices of pork in butcher shops, mini supermarkets, traditional markets and supermarkets are still at a high level due to the simultaneous increase in related costs, especially transportation costs
    .
    pork
     
      The Ministry of Industry and Trade of Vietnam stated that from now until the end of the year, the African swine fever epidemic will still exist in some places and regions, and the epidemic may still occur again; while production costs, intermediate costs, and domestic livestock product prices remain high
    .
     
      According to estimates by the General Administration of Customs of Vietnam, Vietnam imported 80.
    85 million tons of chilled or frozen pork in the first half of this year , with an import value of US$187.
    1 million, a year-on-year increase of 154.
    8% in imports and a year-on-year increase of 144.
    9% in imports
    .
    The average import price was US$2,314/ton, a year-on-year decrease of 3.
    9%
    .
    import
     
      Among them, Russia is Vietnam's largest pork supplier, exporting 33,86 thousand tons of pork to Vietnam, with an export value of 93.
    38 million U.
    S.
    dollars.
    The export volume increased by 414.
    1% year-on-year and the export value increased by 405% year-on-year
    .
    The average export price reached US$2,757/ton, a year-on-year decrease of 1.
    8%
    .
     
      The Ministry of Industry and Trade of Vietnam stated that although the scale of live pig production in Vietnam has basically returned to the level before the swine fever epidemic, due to the gap in supply and demand, Vietnam will continue to import pork
    .
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