Pork shortage expected later this year

 

VNA

via Vietnam+ - June 7, 2019

 

Hanoi (VNS/VNA) - Vietnam is expected to import more pork in the coming months to make up for domestic shortages as African swine fever continues to spread, according to the Ministry of Industry and Trade (MoIT).

 

The MoITís Centre for Industry and Trade Information said pork is being sold at unusually low prices because of lower demand.

 

Pork prices dropped to between 25,000 VND (1.07 USD) and 34,000 VND (1.46 USD) per kilo in the north, down 3,000-6,000 VND from the previous month. Prices in the south were 35,000 VND (1.5 USD) per kilo, down 5,000-10,000 VND.

 

The ministry said pork supply has been limited as some 1.5 million pigs were culled in the first four months of the year, accounting for 5 percent of the country's pigs.

 

African swine fever has been detected in 53 cities and provinces. The epidemic was expected to continue spreading to other localities. Some provinces that had eliminated the disease saw outbreaks return and the disease could still spread to large-scale breeding farms.

 

According to Rabobank, a global leader in food and agriculture financing and sustainability-oriented banking, Vietnamís pig breeding industry has been under increasing pressure due to the disease.

 

In its report in the second quarter of the year, Rabobank said Vietnam's pork meat output in 2019 would be reduced by at least 10 percent.

 

Despite the Governmentís efforts to control the disease, new cases have still been discovered. Rabobank said falling production would reduce the per capita pork consumption of Vietnamese people by up to 7 percent.

 

The MoIT has asked provincial industry and trade departments nationwide to closely monitor the disease and report back on the processing and storage of safe pork.

 

HCM City has encouraged businesses to buy healthy pigs and stockpile frozen pork to prepare for potential shortages.

 

According to the municipal Department of Agriculture and Rural Development...

 

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