Vietnam: December pig census down 25%, prices still up

High prices, low pig census, and low slaughter mean that even with increased demand for pork with the new year celebration, consumption is still expected to be down.

Domestic pork prices in Vietnam have increased since June of 2019; the strongest increase being from late October to the first 3 weeks of December 2019. The fourth week of December finally saw a downward trend.

Vietnam’s total pig census for December 2019 was down 25.5% over the same period in 2018. Slaughter for 2019 is estimated to reach 3,289.7 thousand tons, down 13.8% from 2018 (the fourth quarter is estimated at 731 thousand tons, down 26.3%)

Pork consumption is expected to increase in January with the celebration of the new year; however, with high prices, consumption is still expected to be down 5-10% from 2018.

December 31, 2019 /MOIT/ Vietnam.
https://moit.gov.vn/

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