In the first quarter of this year, exports of agro-forestry-fishery products reached 7.6 bil USD, up 7.6% over the same period last year. Vegetables have also had impressive growth, reaching over 23% and are expected to grow even more in the coming time. However, in the past few months, the prices of agricultural products have been reducing. The issue of the price fall was discussed at the first quarter press conference of the Ministry of Agriculture and Rural Development.
In the first three months of this year, livestock output increased rapidly. Currently, the total number of pigs in the country is up to 29 million, ranking 4th in the world.
Production increased sharply in the context of reduced hog prices, with it being reduced to 1.5 USD / kg, lower than production costs, which have been causing many farmers to struggle.
Recently, the Ministry of Agriculture and Rural Development (MARD) has asked 63 provinces and cities nationwide to stop issuing licenses to build new feed mills and to limit the number of pigs being raised.
Not only pork, but many other agricultural products are also falling due to reduced prices, such as bananas, vegetables and watermelon.
Leaders from the ministry say that the main reason for the fall is due to market organisation not being properly implemented. For example, China is a huge market, just a small change can have a huge impact on our agriculture market.
The Institute of Policy and Strategy for Agriculture and Rural Development was given the task of researching the market for information and consumption for agricultural products. Based on this, state management agencies, enterprises and farmers can all work together to build suitable distribution channels.
