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Vietnam: MARD urges husbandry firms to save pig farms

Minister of Agriculture and Rural Development Nguyễn Xuân Cường called on large animal husbandry businesses to increase their purchase of pigs and keep them in frozen storage in order to help farmers reduce inventories and stop the resulting downward price spiral.

Thursday 11 May 2017 (1 years 4 months 12 days ago)
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Cường said the Government had helped the industry for 20 years, during which businesses made profits and now they should take responsibility for the farmers’ plight. “I believe that all businesses can share the difficulties with the farmers,” said Cường.

The price of live pigs has dropped to a record VNĐ20,000-23,000 (US$0.87-$1.32) per kilo in recent days. The minister said if the price drop continued, most husbandry households, even big farms, would be unable to operate, affecting feed business households, too.

According to the ministry, a supply exceeding demand is the main reason for the price drop. In the last 20 years, the industry’s productivity increased by 20 times from 1.8 million tonnes in 1996 to 5.4 million tonnes this year. Meanwhile, people’s daily meals have changed and diversified with various foods including beef, chicken, egg and seafood.

Representatives of businesses proposed that the ministry temporarily stop importing pork and its products in order to stabilize the domestic market.

Tuesday April 25, 2017/ Viet Nam News/ Vietnam.
http://vietnamnews.vn

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