Vietnam faces pork shortage due to African swine feverChristian Fernsby ▼ | November 22, 2019
Vietnam may fall short of some 200,000 tons of pork in the fourth quarter of this year due to the African swine fever (AFS), according to the country's Ministry of Agriculture and Rural Development.
Asian food As of mid-November, the AFS had led to the culling of nearly 5.9 million of pigs
Topics: Vietnam pork African swine fever
According to Tien, the average price of live hog in the country had rose to 60,000 - 67,000 Vietnamese dong (2.6 - 2.9 U.S. dollars) per kilogram, and to 75,000 - 80,000 Vietnamese dong (3.3 - 3.5 U.S. dollars) in some localities.
Chairing a meeting on price stabilization amid rising pork prices on Monday, Vietnamese Deputy Prime Minister Vuong Dinh Hue urged relevant agencies to carefully calculate the supply shortage, to consider importing pork to meet domestic demand, controlling the price hike and curbing inflation.
According to the country's General Statistics Office, its consumer price index is likely to rise 0.8-1 percent in November, mainly driven by higher pork price, which has surged nearly 19 percent so far this year.
Rabobank, a global leader in food and agriculture financing and sustainability-oriented banking, have forecast that Vietnam's pork production will drop by 15 to 20 percent year-on-year in 2019.
In its latest report entitled "Pork Quarterly Q3 2019," the bank said higher anticipated prices would likely result in at least a 12 percent reduction in Vietnam's per capita pork consumption this year. ■