Logo of Phnom Penh Post newspaper Phnom Penh Post - Lao capital monitors increasing pork prices

Lao capital monitors increasing pork prices

Lao capital monitors increasing pork prices

Vientiane authorities are carefully monitoring the price of pork after it rose above the Lao government’s set price, affecting the large number of people who regularly buy this popular meat.

The Vientiane Industry and Commerce Department announced that vendors should sell pork for 36,000 kip per kilogramme but merchants are now selling it for more than 40,000 kip, with prices differing across the city’s markets.

The impact of this is being assessed through information being collected from pig suppliers, middle-men and vendors. A detailed report is expected to be received by Vientiane authorities in the near future, according to a department official.

The report will then be submitted to the government so that a solution can be sought.

Shoppers have observed that the price of pork rose when the supply of pigs dropped. Meanwhile, the price of pork purchased from Vietnam, Thailand and China is also increasing.

A Vientiane vendor, Boua, told Vientiane Times she sells pork for 45,000 kip per kilogramme because she has to buy it at a high price.

The price rose a few weeks ago when there was a shortage in the supply of pork, she said.

Major pork suppliers in Vientiane, notably CP Laos Co, Ltd and Betagro Laos, said they were still supplying sufficient pigs and pork to the market, according to authorities.

Pork is one of several food items whose price is controlled by the government. A maximum retail price has been set to prevent traders from increasing their prices unreasonably.

The recent floods and a widespread outbreak of African swine fever killed thousands of pigs on farms, which resulted in a shortage of pigs for market supply.

The first cases of swine fever occurred in Saravan province, while many pig farms were also affected by flooding, according to the Ministry of Agriculture and Forestry.

China’s Customs Committee will reduce the import tariff on pork in response to the outbreak of swine fever in China.

The Chinese government will implement import tariff reductions this month, lowering tariffs on consumer goods and appliances.

The tax reduction is seen as a great opportunity for Lao businesses, who have the chance to benefit from a large market and a huge number of consumers.

VIENTIANE TIMES/ANN

MOST VIEWED

  • Tourists urged not to skip trip

    The Ministry of Tourism has called on international tourists not to cancel trips to Cambodia, but urged them to adhere to several dos and don’ts when arriving in the Kingdom during the Covid-19 pandemic. The ministry released an eight-point instruction manual on Wednesday published

  • The taxman cometh – Cambodia’s capital gains tax casts the net on individual taxpayers

    In a country where only limited personal income tax existed, the new taxation law beginning January 1, 2021, will make taxpayers out of Cambodians, whether they are ready for it or not About two years ago, a little known amendment was made to Article 7 of the Law

  • Cambodian-American gets Star Trek treatment

    Kevin Ung, a Cambodian-American whose family escaped genocide during the Khmer Rouge’s reign of terror, was recently selected from thousands of applicants to participate in the Television Academy Foundation’s inaugural 2020 Star Trek Command Training Programme, a course intended to give hands-on filmmaking experience

  • Cambodia seeks to be transport hub

    Cambodia is working on several fronts to modernise its transport infrastructure and services, concentrating on opening new international gates to relieve and balance traffic congestion at its borders, Minister of Public Works and Transport Sun Chanthol said on Thursday. This is part of the Kingdom’

  • PM: West unfair to Cambodia

    Prime Minister Hun Sen released a message celebrating the International Day of Peace on Monday, saying that some major powers and western countries had been systemically cooperating to put political pressure on Cambodia as they did in the 1970s and 1980s. Hun Sen said pressuring

  • Deminers unearth ancient lion statue

    Cambodia Mine Action Centre (CMAC) director-general Heng Ratana told The Post on Tuesday that a statue of a lion was found by mine clearance experts while they were digging for a development project. It was sent to the Ministry of Culture and Fine Arts last