The Ministry of Industry and Trade (MoIT) has said pork must be eligible for price stabilisation due to the high demand for this essential good on the domestic market.
The Ministry of Industry and Trade has asked rice traders to strictly maintain a reserve equivalent to at least 5% of their export volume in the six most recent months as well as enhancing efforts of price stabilisation in the domestic market amid ongoing global uncertainties.
The Ministry of Agriculture and Rural Development (MARD) said that the domestic pork supply is forecast to increase from February.
The prices of pork and face masks were the centre of discussion at an extraordinary meeting of the steering committee for pricing on January 31 under the chair of its head, Deputy Prime Minister Vuong Dinh Hue.
This year’s inflation is controllable at 3.3-3.9 per cent, Deputy Prime Minister Vuong Dinh Hue said while chairing a meeting on November 18 regarding the recent surge in pork prices, an essential foodstuff.
Pork prices on the local market are dropping by some VND5,000-VND8,000 per kilogram versus those recorded in late February, due to the spread of African Swine Fever (ASF). The price is forecast to continue falling in the coming time.
VOV.VN - The average price of imported pork, mostly from Poland has plunged to more than VND26,000 per kilo, according to the General Department of Vietnam Customs.
The price of pork has doubled against its price during the same period last year, reaching a record high over the past few years, according to the Ministry of Agriculture and Rural Development (MARD).