Pork prices reach record high Pork prices reach record high Pork prices in Vietnam have reached the record high due to local supply shortages. Tran Van Toan in the northern province of Hung Yen’s Khoai Chau District who is the owner of a 1,000-pig farm, said that he has received a lot of calls from traders these days. He plans to sell the pigs early next month. Pork prices in Vietnam have reached the record high due to local supply shortages. At the beginning of this month, he sold nearly 200 pigs at VND94,000 (USD4.08) per kilo, but now the figure has increased to VND98,000. A pig breeder over the past 20 years, this is the highest price hike Toan has ever seen. He forecasted that the price would be VND100,000 per kilo of pig in some days to come. So far this year, he has sold around 600 pigs, earning a quite big profit. He has invested in another farm to raise pigs. According to a representative from a wholesale market in the northern province of Ha Nam, pork prices in the market have tended to be on the rise recently, while the supply sources have fallen. On… Read full this story
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