July 19, 2011

Vietnamese August pork prices to decrease

At the end of August, pork prices would decline by 10-15% because farmers will have insufficient time to increase their pig herds, according to the head of the Livestock Breeding Department, Hoang Kim Giao.

In order to reach such a goal, Giao said that the ministry would establish a price stabilisation fund to support companies and farmers both financially and technologically.

At present, pork prices have been climbing by up to 70% caused by high demand.