City traders still feel secure about meat supply

Processed food traders in HCM City are still confident about meat supplies despite repeated warnings about a severe shortage towards the year’s end, saying it is quick and easy for farmers to resume husbandry production while involved firms also have their own ways to stabilise the market.

Given a sharp plunge in prices of pork, chicken and duck meat and fish, many local farmers have stopped production over the past time. However, distributors in the city asserted the shortage of meat will not be as severe as feared.

It is true that many farmers have abandoned farming cattle and poultry due to big losses caused by the widening gap between falling product prices and rising animal feed, Chau Nhut Trung, director of Huynh Gia Huynh De Co., Ltd, told the Daily.

However, Trung reassured that there is no need to worry about meat shortfall in the months to come. The reason is that farmers are active enough to switch back to husbandry production and the production time is pretty short.

He, meanwhile, warned that groundless information on meat shortages like this will make it more difficult for companies to do business these days.

According to Trung, those firms joining the city’s price stabilisation programme have many years of experiences in regulating the balance between supplies and demands at home. On top of that, they are always well-prepared for any situation, Trung noted.

Deputy general director Tran Tan An of Vissan forecast local pork supply will be certainly affected in the near future. An attributed his prediction to farmers’ indifference to husbandry production plus blue-ear pig diseases spreading nationwide.

To prepare for the situation, Vissan has asked its traditional large-scale farms to increase production volumes. Also, the firm has proactively enhanced the storage of input materials for processed products in case of any changes in the market.

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Category: Business