Pig price plunges in Vietnam, farmers urge import cut

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Pig price in Vietnam has been declining over the past quarter due to the pandemic. Currently, the price is USD 1.7/kg, but producers predict it will drop further to USD 1.1/kg soon. With farmers suffering losses, the Association of Livestock Production is urging the government to cut back on pork imports. They are concerned that cheap imported pork would reduce the competitiveness of local pork. Industry experts have urged the government to consider free trade terms before deciding on more imports.