Trade Pork prices vs. monetary policy By Ngoc Khanh Sunday, Dec 1, 2019,14:03 (GMT+7) Pork prices vs. monetary policyBy Ngoc Khanh Pork counter at a supermarket in HCMC. It is customary for Vietnamese to consume pork, considering it a staple food. As a result, pork prices have risen remarkably while those of other meat like poultry have plunged to a record low recently – PHOTO: THANH HOA Can the prices of pork destabilize the monetary policy formulated by the central bank in Vietnam? Data available from the General Statistics Office (GSO) show that the African swine fever has spread to all 63 provinces and cities of Vietnam, forcing the culling of some 5.7 million pigs. By October, Vietnam’s total hog herd had plunged by a fifth year-on-year. Following its outbreak, African swine fever cut pig prices for four consecutive months, from March to June, as farming households tried to sell off their pigs to cut loss. However, pork prices made a U-turn in the four months that followed, from July to October. Notably, in October alone, the retail price of pork rose by almost 8%, and has shown no signs of easing. Currently, pig prices are hovering around VND70,000 per kilogram, soaring around 30%… Read full this story
- Steady performance endorses prudent monetary policies
- RBI Monetary Policy Committee: Rejig likely soon as one member retires, term of three others ends in August
- UPDATE 1-Thai monetary policy should remain accommodative to help economy -c.bank
- BOJ debated monetary policy implications of coronavirus: July meeting summary
- Pork prices in China edge down
- PBOC signals slower pace of policy easing
- Thailand moves to reduce pork exports to Vietnam
- RBI likely to leave repo rate unchanged in August policy meet: Report
- RBI Policy: What do economists expect?
- Group set up to inspect VN pork market
Pork prices vs. monetary policy have 307 words, post on english.thesaigontimes.vn at December 1, 2019. This is cached page on Talk Vietnam. If you want remove this page, please contact us.
