Vietnam’s agri ministry attempts to stabilise pig prices

05.05.2017

Capping pig population and not issuing new feedmill licences are some of the moves Vietnam’s Ministry of Agriculture and Rural Development may take to halt the current pig price decline. By mid-April the price of live pigs had dropped to USD 1.32 per kg from USD 1.76 some months back.

With no indication of an end to this downward spiral, pig breeders across the country are facing losses, the Vietnam News portal reported. One of the reasons for the fall is said to be oversupply. Minister Nguyen Xuan Cuong has also proposed reducing the price of feed and veterinary medicine, and finding a stable market for the consumption of domestic pork meat.


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