Northern Vietnam: Volatile hog price "fever" due to increased Chinese purchases
Over this week, the prices of hog in Northern Vietnam increased from VND 45,000 to VND 50,000 per kg, while the price of good pigs reached VND 52,000 per kg. According to farmers, the cause of this price "fever" is due to increased Chinese imports of pigs along with a more favorable domestic consumption. According to the traders, Chinese will continue to import pigs from now until the Chinese New Year.
Michael Boddington from Asian Agribusiness Consulting (AAC) has been involved in agribusiness in Asia since 2000. AAC has office both in Vietnam Ho Chi Minh City and China Beijing. So AAC has a thorough understanding of the Viet Nam and China aqua industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it.
Source: http://heo.com.vn/?x/=newsdetail&n=4500&/c/=48&/g/=1&/22/11/2013/cac-tinh-mien-bac--gia-lon-%E2%80%9Csot%E2%80%9D-vi-trung-quoc-tang-mua--north-vietnam--volatile-hog-price-fever-because-chinese--increase-buy.html