COVID crisis breaks supply chain in the Vietnamese pork market
The average pig price in the Vietnamese market has gone down to 53,000vnd/kg ($2.31/kg) in the last month due to disruptions that appeared in the supply chain as the COVID-19 crisis is impacting the food sector in the country.
"Farmers cannot sell the pig, logistics is complicated, and most pork plants are closed. Even so, the supermarket pork price is very high and not hard to find", commented Paul A. Anderson, General Manager South East Asia - International Sales Manager - Genesus Inc in his latest market report.
Large feed companies such as CP, GREENFEED, De Heus, CJ Vina Agri, GUYOMARC'H - VN, Hoa Phat Dong Nai, Kyodo Sojitz... have simultaneously announced price increases for animal feed products, a situation that will keep prices high for the months to come.
At the same time, African Swine Fever is still present in many provinces of the country. According to a source from the Department of Animal Health, in the first 6 months of 2021, African swine fever has occurred on 1,152 farms in 225 districts of 45 provinces and cities. The number of pigs culled totaled 62,188 in the first half of the year.
For six days, the members of the delegation that accompanied the Commissioner for Agriculture, ma...
Pork exports totaled 260,430 metric tons (mt) in March, up 0.1% from a year ago, valued at $740.8...
While local factors tend to have the strongest impact on prices week-to-week, demand-side factors...
