Ministry intervenes to halt pork price crash

[geovalin]

The Agriculture Ministry has confirmed action to combat a drastic drop in pork prices over the past year due to illegal imports of live pigs from neighbouring countries. The price of pork averaged about $2 per kg last year. That has now dropped to $1.25 per kg, but the base cost to farmers is $1.88 per kg.
 

According to the ministry, imports of live pigs over the last couple of months have increased competition in the market and supply is outstripping the number of buyers. As a result, many farmers have reduced the number of pigs they are raising to avoid losses.
 

Vietnam and Thailand have been affected by the same price crash. “The Agriculture Ministry had sent a letter to the Interior Ministry asking it to intervene to prevent illegal imports and ban unlicensed companies from importing live pigs to the kingdom to ensure public health and maintain price stability,” a ministry statement said.

 

read more http://www.khmertimeskh.com/news/37888/ministry-intervenes-to-halt-pork-price-crash/

 

 

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