March 3, 2025

Pork prices under Ho Chi Minh City, Vietnam programme to increase by 4-8% this month

Pork prices under a special programme in Ho Chi Minh City, Vietnam, will increase between 4% and 8.8%, depending on the specific product, starting on March 3, according to the Ho Chi Minh City Department of Finance.

Enterprises participating in the price stabilization program include Ho Chi Minh City Cooperative Union (Saigon Co.op), Vietnam Livestock Industry Corporation (Vissan), Saigon Agricultural Corporation (Sagri), C.P Vietnam Livestock Corporation - Branch 3 in Dong Nai, and Central Retail Group in Vietnam.

Accordingly, the retail price of pork from enterprises participating in the price stabilization program will increase from ₫5,000 (US$0.20) to ₫13,000 (US$0.53) per kilogram depending on the type and supplier. The adjusted price is based on the price of live pigs at ₫74,000 (US$3.02) per kilogram.

The largest price increase was for pork chops, which rose from ₫147,000 (US$6.00) per kilogram to ₫160,000 (US$6.53) per kilogram, a jump of ₫13,000 (US$0.53) per kilogram (or 8.84 percent). Pork belly prices also climbed, from ₫144,000 (US$5.88) per kilogram to ₫156,000 (US$6.37) per kilogram. Lean shoulder and thigh meat saw a ₫11,000 (US$0.45) per kilogram increase, reaching ₫177,000 (US$7.22) per kilogram.

At Hoc Mon wholesale market, around 4,100 live pigs arrived, with pork prices ranging from ₫93,000 (US$3.80) to ₫100,000 (US$4.08) per kilogram.

According to the Dong Nai Livestock Association, traders are purchasing live pigs on the market for approximately ₫80,000 (US$3.27) per kilogram, a rise of roughly ₫10,000 (US$0.41) per kilogram compared to the previous month.

The Dong Nai Livestock Association attributed the continuous rise in live pig prices to last year's relocation of livestock farms from restricted areas. Nearly 2,000 farms either moved or ceased operations, leading to a sharp decline in supply.

Additionally, some pig farm owners reported that African swine fever forced many households to sell underage pigs prematurely, while an outbreak of acute diarrhea significantly reduced the piglet supply. These factors have made farmers hesitant to rebuild their herds, further impacting current live pig prices.

- SGGP