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Vietnam to import live pigs to cut live hog prices in domestic market

VNA VNA

06:40 | 30/05/2020

Vietnam will allow the import of live pigs for the first time in a bid to counter the skyrocketing live hog prices in the domestic market, said Deputy Minister of Agriculture and Rural Development Phung Duc Tien.

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vietnam to import live pigs to cut live hog prices in domestic market
Illustrative photo. Source: Internet

Tien noted the import will be under tight monitoring to prevent negative impacts on the local market.

First shipments could probably come from Thailand, he unveiled, adding that the ministry will also create the best possible conditions for the import of breeding pigs to help increase the number of local herds.

The Ministry of Agriculture and Rural Development has just sent a dispatch to the Department of Animal Health, giving the greenlight for the department to study the risks of pig imports based on documents submitted by export nations.

According to the dispatch, after analyzing the documents, the department must work with import companies to contact and organise online meetings with related official agencies of the exporters, in order to solve any hurdles and collect missing information for meeting requirements on animal health and sanitation and quarantine certificates for export.

Import firms must follow quarantine regulations to ensure safety for domestic herds. Imported pigs will be quarantined in 30 days as regulated.

According to statistics from Anova Feed company, on May 28, the liveweight prices of pigs were 97,000 – 100,000 VND (4.23 USD) per kg in the north; 95 – 100,000 VND in the central region; and 93,000 – 99,000 VND in the south.

The Government’s recommended price is 70,000 VND at the moment, which insiders said is almost impossible to achieve due to the shortage of market hogs.

Amid the shortage, it is hard for farmers to increase their number of pigs as the cost of a sow ranges between 13 – 16 million VND (561.7 – 691.4 USD) and that of a piglet is at a record level of 3 – 3.6 million VND. Despite the high prices, pigs for sales are not always available./.

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VNA