In response to VTC News, authorities and livestock associations affirmed that despite the increase in pork consumption during the year-end holiday season, the demand is not significantly higher. We have proactively secured domestic supply, so there will be no pork shortage, and pork prices will remain stable.
According to a report by the Livestock Department of the Ministry of Agriculture and Rural Development, by the end of this year, the country’s total pig herd is estimated to reach 26 million, an increase of about 2.9% compared to the same period last year. The total pork production is expected to exceed 5 million tons.
Vietnam’s current pig herd stands at approximately 26 million.
Mr. Duong Tat Thang, Director of the Livestock Department (Ministry of Agriculture and Rural Development), shared that to meet the demand for pork during the year-end and Tet holidays, businesses and farmers have proactively restocked since late September and early October, ensuring timely supply. Therefore, a shortage of pork during the year-end period is unlikely.
“At this point, the farming situation of businesses and farms remains stable. Currently, Vietnam’s pig herd stands at approximately 26 million. With the current herd size, we can basically meet the market’s demand for pork and pork products from now until the end of the year, including the Tet holiday,” Mr. Thang stated.
Meanwhile, Mr. Nguyen Xuan Duong, Chairman of the Vietnam Livestock Association, noted that despite diseases, storms, and market laws, pork prices tend to increase during the year-end due to higher demand for parties, conferences, and weddings.
However, the farming structure has changed, with farmers’ farms accounting for only 20-30% of the country’s total pig herd, while companies account for 70-80%. Companies cannot make decisions based on short-term gains like farmers, but they must consider the long-term viability of their operations, ensuring stable pork production.
Vietnam is transitioning to a modern farming model, with large enterprises such as Dabaco, Masan, Tan Long, and foreign companies like CP and Japfa Comfeed leading the way in building linked farm systems. “This is an inevitable trend in the process of restructuring the livestock industry, moving towards modernization and increasing value,” Mr. Duong said.
According to Mr. Duong, at this point, our pig herd is not only stable but also larger than in previous years. Additionally, the amount of imported meat is also considerable. Therefore, we will not face a pork shortage from now until the end of the year, especially during the Tet holiday and the beginning of the new year. Currently, pork prices are stable, fluctuating between VND 60,000 and VND 65,000 per kg, with no significant changes.
“Farmers should sell their pigs according to the standard age for slaughter and avoid speculation, as they may incur losses when prices drop,” advised Mr. Duong.
This year, there is no expected shortage of pork supply.
Mr. Nguyen The Chinh, Head of the Management Board of the Hanoi Livestock and Poultry Market, shared that at this point, the number of live pigs arriving from other provinces is substantial, averaging 1,000 pigs per day, equivalent to about 100-140 tons.
However, daily consumption only reaches about 80-90 tons, leaving a surplus for the next day.
Regarding the prediction of a potential pork shortage during Tet, Mr. Chinh stated: “The country’s pork production is still very large. The most obvious sign is the increasing number of live pigs arriving at the market, but consumption remains slow. Therefore, we will not face a shortage, and prices will remain stable.”
According to a survey by VTC News on December 1, pork prices across the country are currently trading within the range of VND 60,000 – VND 64,000 per kg.
Specifically, in the North, pork prices fluctuate between VND 61,000 and VND 63,000 per kg. Notably, Thai Binh and Phu Tho provinces recorded the highest price in the region, reaching VND 63,000 per kg.
Other provinces, such as Hanoi, Hung Yen, and Ha Nam, maintain prices between VND 61,000 and VND 62,000 per kg.
In the Central and Central Highlands regions, pork prices range from VND 60,000 to VND 63,000 per kg, with the highest price recorded in Quang Nam and Thua Thien Hue provinces.
In the South, pork prices fluctuate between VND 61,000 and VND 64,000 per kg, with Kien Giang province having the highest price in the country at VND 64,000 per kg.
Provinces like Dong Thap, Binh Duong, and Ba Ria – Vung Tau maintain prices between VND 61,000 and VND 62,000 per kg.
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