According to Lao Dong on December 30, in Ho Chi Minh City, pork prices at traditional markets have increased sharply compared to the beginning of the month. Baby back ribs cost 180,000-200,000 VND/kg, pork belly costs 160,000-180,000 VND/kg...
“Meat prices are increasing because it is the end of the year and supply is also difficult. At wholesale markets, they have increased prices for several weeks now, but because I import a small amount and mainly sell to regular customers, I try to make a small profit to keep prices stable,” said Ms. Thuy Nga, a pork vendor near Nguyen Tri Phuong Market (District 10).
At Hoc Mon wholesale market - the main pork supplier for Ho Chi Minh City, the amount of pork coming to the market has not decreased, fluctuating between 350-450 tons/day and night, equivalent to 4,700-6,000 pigs/night. According to the wholesale market representative, the price of live pigs fluctuates between 68,000-70,000 VND/kg (depending on the type). This has led to an increase in the price of pork at the wholesale markets by 10,000-20,000 VND/kg compared to half a month ago.
From today (December 30), the price of pork for market stabilization also increased by 3,000-6,000 VND/kg depending on the type. The price of pork for market stabilization such as lean shoulder and thigh increased from 162,000 VND/kg to 166,000 VND/kg, pork chops increased from 142,000 VND/kg to 147,000 VND/kg. Pork leg increased from 122,000 VND/kg to 125,000 VND/kg, shoulder increased from 138,000 VND/kg to 144,000 VND/kg...
After adjustment, the price of pork to stabilize the market is still guaranteed to be 5%-25% lower than the average price of similar products on the market, meeting the program's regulations.
Previously, businesses participating in market stabilization had proposed to adjust the price of pork to stabilize the market, due to fluctuations in input material prices compared to the adjustment time at the beginning of the program. The units proposed to increase the price from 4,000-7,000 VND/kg depending on the type.
According to the Ho Chi Minh City Department of Finance, since the price adjustment on November 23, 2024, the price of live pigs has increased continuously across the country. The reason for the high price of live pigs is due to the year-end demand, near the Lunar New Year, the consumption of pork has increased sharply, especially in big cities. Food production units have stepped up the purchase of raw materials to produce processed products to serve people during the Tet holiday.
In addition, the impact of the complicated African swine fever epidemic has affected the psychology of farmers. Therefore, there is currently a situation where a large number of small pigs are sold out of the epidemic to the market, combined with the trend of reducing herds in some large enterprises, leading to a shortage of pigs of sufficient weight for sale.
High input costs, increased prices of animal feed, transportation, and other services have increased product prices. Notably, the import of pigs from Cambodia is still not smooth, leading to high domestic pork prices.
