Vietnam. Pig prices continue to rise but farmers are cautious

10.05.2018

Pig prices in Vietnam have increased continuously over the past week. Live hog price in Dong Nai province, Vietnam’s hub of swine production, has reached USD 1.93 per kg, up USD 0.13 per kg compared to the previous week, and at the highest since December 2016. At this price, farmers are profitable, but still worry that pig prices will decline.

According to the Dong Nai Animal Husbandry Association, the main reason for the increase in pig prices this time is the decrease in supply. “The supply of pigs in the market has been declining as about 80% of small farmers have stopped stocking. However, this is not a healthy signal and poses underlying risks,” said Nguyen Tri Cong, Chairman of the Dong Nai Association of Animal Husbandry.


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