Cheap live weight prices and relatively highprices of feed have caused pig farmers to suffer losses worth 1 million VND (43USD) per pig, local media reported.
According to the ministry, the country has over29 million pigs, including more than 4.2 million sows.
In 2016, big- and medium-sized pig farmsincreased production by 23 percent compared with 2015.
Total capacity of animal feed factories acrossthe country reached over 31 million tonnes per year, about 6 million tonneshigher than that the country planned to have by 2020.
Last year, Vietnam’s animal feed production was 23.5 million tonnes, making itthe biggest animal feed producer in ASEAN and the tenth biggest in the world.
Localities were asked to review their pigfarming plans to better match of market demand and their potential.
Localities should not increase their quantity ofpigs especially sows, Cuong said, calling them to raise pigs that generate highyield or special ones to suit to certain groups of consumers.
The ministry also asked people’s committees inprovinces to instruct pig farmers to apply diversified models such assemi-industrial hog production, conventional or organic farming instead ofsolely develop industrial hog production.
Processing industry needs to be promoted to diversify meats, increase valueadded of the products.
To animal feed, minister Cuong asked localities to limit the expansion offactories, particular those in Red River Delta, Southeastern region and MekongDelta.
Animal feed producers are encouraged to apply biotechnology and other hightechnologies in production and processing so that they could offer betterproducts that replace imported ones.
The current price now is 35,000 VND (1.54 USD) per kg live weight- which issaid the lowest rate in the last ten years - causing most producers to losemoney.
Deputy Director of Agriculture Ministry’sHusbandry Department Nguyen Xuan Duong told chinhphu.vn that abandoned supplyand lower purchasing power of markets resulted in decrease of pig prices.
Pig farmers have ignored warnings from the agricultureministry as soon as the live weight reached 55,000 - 58,000 VND per kilo.
Duong said that there was a paradox thatconsumers bought meat at quite high prices - about 70,000 - 80,000 VND per kilowhile the live weight prices were too low.
“The pig farmers are suffering losses,” he said, adding that Vietnam’s broaderagricultural field faces major problems relating to market and prices, not justpig breeding.-VNA