Prices of live poultries and pigs remain low at present. Therefore, selling prices of meat products in the market may not fluctuate strongly in the coming time.
Although it is now appropriate time for pig breeders to invest in expanding their herds in service of the Tet festival market, scale of herd rebuilding of many of them is now being limited due to low prices of live hog. Livestock industry in the fourth quarter is forecast to increase less than 4%, which can make the animal feed market in quarter 4 as inactive as in quarter 3.
Main movements and trends:
- Pork supply to Binh Dien market drops 6 tons/day
- Live hog price in Ho Chi Minh City climbs slightly to VND 36,000/kg
- Retail prices of ham in Hanoi and Ho Chi Minh City do not fluctuate
- Silverside price in Hanoi increases by 2.1%, hovering at VND 120,000/kg
- Chicken prices in the South keep going down
- Ready-to-cook industrial chicken in Hanoi climbs by VND 2,000/kg
- Authorities of Hanoi city develop a plan to store meat and foodstuff for Tet festival market
According to "Vietnam food market weekly Report" - AGROINFO, www.agro.gov.vn
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