Vietnam pork production to inch up 1% in 2018

05.02.2018

Vietnam’s pork production is forecast to rise 1% this year to 2.8 million tonnes, Rabobank said in its Pork Quarterly Q1 2018 report. Meanwhile pork demand is seen to increase by less than 1% and per capita consumption will remain flat. Live hog prices, which was on a prolonged downturn in 2017, is seen to firm up in Q1 2018 thanks to the Tet holiday, which will boost demand.

However, Rabobank warned of a “downside potential in Q2 2018, as demand normalises and hog prices in China moderate.” It also sees further decline in small scale and household pig production, with new large scale players picking up the slack.


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