August pork prices expected to slip

New pork prices are set to be introduced during the last five months of this year, according to the head of the Livestock Breeding Department, run by the Ministry of Agriculture and Rural Development.

Hoang Kim Giao, addressing a meeting in the capital yesterday, confirmed that, starting from the end of August, pork prices would slip by 10-15 per cent due to farmers having inefficient time to expand their pig herds.

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 per cent caused by high demand. — VNS

Tags: Vietnam pork prices

Posted by VBN on Jul 15 2011. Filed under Food & Beverage, Retail. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry