Increasing pork imports is also one of the measures to help ensure supply and stabilize prices during the Lunar New Year.
December 23, pig price nationwide recorded from 63,000 VND/kg - 69,000 VND/kg, an increase of 1,000 VND/kg compared to the previous day and also the highest price at the end of this year. This increase is also understandable because near the Lunar New Year, consumer demand for pork often increases from 10 - 15%. Livestock enterprises and cooperatives have also planned early to ensure supply and prices will not increase suddenly near Tet.
Hoang Long Cooperative has a scale of 4,000 pigs, producing 1,300 - 1,400 tons of pork per year. To meet the demand for pork consumption during the upcoming Lunar New Year, the cooperative has prepared piglets about half a year ago. Unlike last year, this year they invested in high-quality piglets, which has also helped increase output by 30%.
Mr. Nguyen Trong Long - Director of Hoang Long Cooperative said: "With the same number of pigs, last year we slaughtered them at a weight of 100 - 120kg, this year we are slaughtering them at a weight of 130 - 150kg/pig".
Increasing output is also a way to help many businesses and cooperatives ensure supply and stabilize prices from now until Tet. According to the representative According to the Vietnam Animal Husbandry Association, the price of live pigs is expected to not increase sharply, fluctuating around 70,000 VND/kg.
According to the representative of the Vietnam Animal Husbandry Association, both businesses and farmers should sell pork according to the scheduled time and date, and should not intentionally hold back to push up prices, because this can cause virtual price increases, affecting the market and consumer rights.
Mr. Nguyen Xuan Duong - Chairman of the Vietnam Animal Husbandry Association said: "In addition to domestic production, the volume of imported pork is very large, increasing on average 15 - 20% in recent years while domestic production only increases 2 - 3%, so the import volume will immediately compensate if we hoard goods and increase prices."
According to data from the General Department of Customs, in the first 11 months of this year, Vietnam spent nearly VND38,000 billion on importing meat and by-products, up 14.2% over the same period last year, reaching a record high. Increasing pork imports is also one of the measures to help ensure supply and stabilize prices during the Lunar New Year.
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