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

  • Research key to Kanitha’s rep for expertise

    Sok Kanitha is used to weighing in on controversial issues using a confident approach that signals expertise and authority, and a recent video she made was no exception. Her “Episode 342: The History of NATO” video went live on January 16, 2023 and immediately shot to 30,000 likes and 3,500

  • Cambodia maintains 'Kun Khmer' stance despite Thailand’s boycott threat

    Cambodia has taken the position that it will use the term "Kun Khmer" to refer to the sport of kickboxing at the upcoming Southeast Asian (SEA) Games, and has removed the term Muay from all references to the sport. Despite strong reactions from the Thai

  • Knockout! Kun Khmer replaces ‘Muay’ for Phnom Penh Games

    Cambodia has decided to officially remove the word Muay from the programme of the 32nd Southeast Asian (SEA) Games 2023 in May. “Kun Khmer” will instead be used to represent the Southeast Asian sport of kickboxing, in accordance with the wishes of the Cambodian people. Vath

  • Artificial insemination takes herd from 7 to 700

    Some farms breed local cows or even import bulls from a broad for the purpose of breeding heavier livestock for meat production. One Tbong Khnum farmer has found a more efficient way. Hout Leang employs artificial insemination to fertilise local cows. Thanks to imported “straws”

  • Chinese group tours return to Cambodia starting Feb 6

    Cambodia is among 20 countries selected by Beijing for a pilot programme allowing travel agencies to provide international group tours as well as flight and hotel packages to Chinese citizens, following a three-year ban. As the days tick down until the programme kicks off on February 6,

  • Capital-Poipet express rail project making headway

    The preliminary results of a feasibility study to upgrade the Phnom Penh-Poipet railway into Cambodia’s first express railway indicate that the project would cost more than $4 billion and would take around four years to complete. The study was carried out by China Road and