Demand for pork has decreased due to sharp price increases recently - Photo: N.TRI
Recently, Vissan Company has sent a document to the Department of Finance and the Department of Industry and Trade of Ho Chi Minh City, proposing to increase the selling price of pork products participating in the market stabilization program.
Proposal for an additional 6-7% increase
According to Mr. Phan Van Dung - Deputy General Director of Vissan Company, on March 3, the Department of Finance decided to allow an increase in the retail price of pork in the market stabilization program based on the input price of live pigs at 74,000 VND/kg.
However, since the beginning of March, the price of live pigs in the market has been increasing continuously. Specifically, as of March 10, this enterprise had to buy live pigs at the input price of 79,000 VND/kg, an increase of nearly 7% compared to the base price on March 3.
According to the regulations of the market stabilization program, enterprises can propose to increase prices when raw material prices and input costs increase by more than 3% compared to the previous announcement.
Faced with input cost pressure, Vissan proposed to adjust the price of pork to stabilize, increasing by 6-7% and applying from March 17 if approved by the Department of Finance.
Specifically, the price of shoulder and armpit meat increased from 156,000 to 167,000 VND/kg (an increase of 11,000 VND/kg), pork leg - ham from 132,000 VND to 141,000 VND/kg (an increase of 9,000 VND/kg), lean thigh and shoulder from 177,000 to 188,000 VND/kg (an increase of 11,000 VND/kg)...
"We have not received any feedback from the state management agency on whether to increase the selling price of pork in the market stabilization program as proposed or not. If the price of live pigs continues to increase as it is now, the unit will face more difficulties with the old selling price," a representative of Vissan informed on the afternoon of March 13.
Previously, following a proposal from businesses, the Ho Chi Minh City Department of Finance increased the selling price of many pork products in the market stabilization program from March 3. After the increase, the selling price of pork products fluctuated from 85,000 - 177,000 VND/kg depending on the type.
Must ensure market stabilization price is lower than outside price
Regarding the fact that some retail businesses have to buy live pigs at quite high prices, the leader of a livestock unit in the South said that with the current demand exceeding supply, many households raising pigs under contract or under contract may find ways to "break the deal" to sell them at better prices, or hold pigs to increase the price. This leads to a significant difference in the price of live pigs in different places.
A business believes that there is unfair competition when the price of raw pork increases. Specifically, some units with a large supply of live pigs on the market announced the price of live pigs at only 74,000 VND/kg (equal to the price previously determined by the Department of Finance), but limited sales to the market.
Instead, these units will focus on slaughtering and selling side pigs (pieces of pork) at prices ranging from VND 99,500/kg to more than VND 101,000/kg (equivalent to live pigs from VND 80,000 - 82,000/kg), creating unreasonable differences and unfair competition for businesses participating in the market, especially those subject to price control as in the market stabilization program.
Speaking with Tuoi Tre Online on March 13, a representative of the Ho Chi Minh City Department of Finance said that according to regulations, businesses have the right to propose prices to stabilize the market when there are fluctuations in supply and demand, strong price changes...
"The state management agency will consider related issues to come up with a suitable price, harmonizing the interests of participating businesses and consumers, on the principle that the selling price in the market stabilization program is lower than the selling price outside."
Will pig prices fall soon?
Speaking to Tuoi Tre Online on March 13, Mr. Nguyen Tri Cong - Chairman of Dong Nai Livestock Association - said that the epidemic is the main reason for the shortage of live pigs and the sharp increase in domestic live pig prices in recent times.
In fact, many countries in the region currently have pork prices much lower than Vietnam, for example Thailand is only about 65,000 VND/kg.
"With low consumption demand, low prices of chicken and duck meat, and the amount of imported pork increasing sharply... it is likely that domestic pork prices will soon turn around and decrease," said Mr. Cong.
According to information from many farmers, the selling price of live pigs on March 13 was 81,000 - 83,500 VND/kg depending on the type and location. This price has been maintained for many days, but has increased sharply compared to the beginning of 2025 and increased by 20,000 - 25,000 VND/kg compared to the same period last year.
Source: https://tuoitre.vn/doanh-nghiep-lai-muon-tang-gia-ban-thit-heo-vi-het-gong-noi-20250313190831353.htm
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