Although the demand from consumers is still very high, there is no output for farmers.
Pig prices, especially in Dong Nai, continue to fall sharply. According to the Department of Livestock Production, the price of live pigs at the end of June swung between 62,000 and 68,000 dong/kg, down about 32,000 and 38,000 dong/kg compared to the period when pork prices peaked at 100,000 dong in May 2020.
However, up to now, in reality, farmers, especially small-scale households in Dong Nai, are having to sell at prices below 50,000 dong/kg. This price is down 10,000 dong/kg compared to last week and down 20,000 dong/kg compared to last month.
Although the demand from consumers is still very high, there is no output for farmers. The reason is that many traders at wholesale markets have tested positive for Covid-19, so there are no buyers, and as a result, prices have continuously decreased.
Pigs are sluggish due to the pandemic.
In this situation, small private farms and households have suffered the most damage because they are not guaranteed output like contract farms. Previously, Dong Nai supplied 5,000–7,000 pigs to Ho Chi Minh City every day. These pigs were mainly consumed through Hoc Mon wholesale market. Currently, according to the Dong Nai Livestock Association, when all three wholesale markets in Ho Chi Minh City, including Binh Dien, Hoc Mon, and Thu Duc, temporarily suspended operations to prevent the COVID-19 epidemic, the supply today is only about 2,000 pigs.
The Agency of Foreign Trade (Ministry of Industry and Trade) expects the price of live pigs to recover in the third quarter of 2021 thanks to the pandemic being controlled, boosting consumption demand.
However, a representative of the Dong Nai Livestock Association said: "In the coming months, prices may not increase because the amount of pigs at businesses and breeders is stagnant. After a few months, they will release that source of goods, so there may be a surplus of pork supply."
According to 24h.com.vn