In the pig farming capital of the North: The price of live pigs is as cheap as sweet potatoes.

In Ngoc Lu commune (Binh Luc district, Ha Nam) - the largest pig farming 'capital' in the North, the price of live pigs has dropped to the floor, only 25,000 VND/kg, as cheap as sweet potatoes.

People are struggling because of pigs

Many households in Ngoc Lu commune - the largest pig farming capital in the North - are struggling because of unsold pigs and cheap pigs because Chinese traders suddenly stopped importing goods, the market is gloomy. Pig farmers said that the price of pork is at the lowest level in the history of pig farming, only 25,000 VND/kg. Pig farmers are struggling every day with a herd of up to a thousand pigs/household.

Pig farmers in Ngoc Lu commune are struggling every day with a herd of up to a thousand pigs per household.

In the past, pork prices have also dropped, but the price has quickly increased again, not always at the "bottom" for half a year like this time. Therefore, pig farmers are currently using all their capital to hold on, some even have to mortgage their land certificates to have money to buy pig feed, waiting for the day when pig prices improve.

Farmers wait forever but see no increase in price, while pigs cannot stop being fed, the more they are fed the bigger the pigs get, and the bigger the pigs get the more losses they suffer. Many households have had to reduce their pigs' meals to one meal a day.

Not only pig farmers are in trouble, but feed dealers are also very worried. Normally, dealers export feed in a “buy-to-let” manner, paying when pigs are sold. However, now many households are no longer able to pay their debts, dealers also have to mobilize capital from different sources to import feed. Up to now, many dealers have had to close because they no longer have money to buy feed to supply to “customers”, unable to recover capital.

What solution "save" the livestock industry?

Recently, the Ministry of Agriculture and Rural Development (MARD) submitted to Prime Minister Nguyen Xuan Phuc a number of solutions to "save" the pig farming industry.

Pig price hits rock bottom, only 25,000 VND/kg

In a document sent to the Prime Minister, the Ministry of Agriculture and Rural Development said that due to supply exceeding demand, pork prices among people continued to fall sharply. At this time, the price is only 25,000 VND/kg, even down to 20,000 VND/kg in many places. Many farms and households are on the brink of bankruptcy. Meanwhile, pig farming currently accounts for 70% of the entire livestock industry.

In order to gradually stabilize and develop livestock farming in general and pig farming in particular, the Ministry of Agriculture and Rural Development recommends that the Prime Minister direct banks and credit institutions to have solutions to freeze and reduce debts for livestock farmers, animal feed and veterinary medicine traders. Require units with the capacity to store, process and consume a lot of meat such as Vissan, Viet Duc, Hapro Hanoi... to increase the purchase of frozen slaughter for pork and poultry in the coming summer months.

The Ministry also recommended that the Prime Minister consider and stop the temporary import and re-export of meat and offal products from abroad through Vietnam to markets in countries in the region to protect market share for domestic livestock products, limit the risk of disease spread, the risk of dirty food returning to the domestic market and causing degradation of transport infrastructure due to large volume.

In the immediate future, the Ministry of Agriculture and Rural Development recommends that the Prime Minister assign it to preside over and coordinate with the Ministry of Industry and Trade and the Ministry of Foreign Affairs to accelerate negotiations to find markets for livestock products, especially pig farming, in both border and official trade areas.

In the long term, it is necessary to implement comprehensive measures, including solutions to apply advanced technology, improve productivity, reduce the cost of livestock products to increase domestic purchasing power and expand export markets to potential countries./.

According to VOV