According to the report of the Government’s Price Management Steering Committee at the meeting on March 30, pork prices have always stood at high prices since the end of 2019. Since the beginning of March, live pig prices have tended to decrease, but are still at a level above
Deputy Prime Minister Trinh Dinh Dung commented that the high price of pork is due to supply being lower than demand when the pig herd was reduced due to the epidemic and people’s psychology of hoarding food when Covid-19 occurred.
High `anchor` pork prices directly affect people’s lives during epidemics, affecting the consumer price index (CPI).
`The price must be at a reasonable level, ensuring people’s lives, the interests of farmers, businesses and macroeconomic stability,` the Deputy Prime Minister said and emphasized that this is not only an economic responsibility but also
At the meeting, the Ministry of Agriculture and Rural Development said there had been many meetings and direct work with large livestock enterprises.
However, at today’s meeting, businesses pledged to bring this price level to 70,000 VND per kg from April 1.
A pork stall at Ha Dong market (Hanoi) on March 30.
The Ministry of Agriculture and Rural Development also proposed two main solutions to reduce pork prices, including successfully controlling and controlling African swine fever and promoting herd regeneration associated with biosecurity.
Currently, 99% of communes have been infected with African swine fever for 30 days, and 41 provinces and cities have not had a recurrence of the epidemic;
Regarding the situation of restocking and increasing herds, the Ministry of Agriculture and Rural Development said that by March 10, the total pig herd in the country was nearly 24 million.
The ministry expects that this year’s total pork output will be nearly 3.9 million tons, increasing gradually each quarter.
`Livestock supply will meet about 90% of pork demand at the end of the second quarter and beginning of the third quarter,` the Ministry of Agriculture and Rural Development forecasts.
Along with that, the Prime Minister has allowed to increase pork imports from a number of markets.
