HCMC needs pork exchange floor to stabilize prices

HCMC needs a pork and pig exchange floor where safe pork can be traded and the prices of pork and live pigs can be stabilized, benefiting both customers and pork suppliers and traders, participants said at a recent meeting on a project to set up a pork and pig exchange floor in the city.

Speaking at the meeting held by the HCMC Department of Industry and Trade on November 14, Nguyen Ngoc Hoa, deputy head of the project division of the exchange floor project, said that the establishment of the exchange floor is necessary and important.

Despite African swine fever outbreaks, the demand for pork among HCMC residents remained high, he remarked.

However, traditional slaughter methods and poor pork sales and transport activities have discouraged customers and lowered their confidence in the safety of pork, he explained, adding that price gouging is widespread.

The pork exchange floor will help address these obstacles, including the uncertainty of pork and pig prices, unclear origins, limited access to information on the market and the poor governance of farming activities, he said.

A representative of Hoc Mon Wholesale market pointed out that the establishment of the pork exchange floor will give pig farmers the right to decide prices instead of traders.

Apart from this, the exchange floor is expected to raise customers’ confidence in the safety of pork on the market, the representative said.

At the event, some firms active in pork trading activities in HCMC proposed running the projected pork exchange floor in the city under the equitization model to ensure transparency in pork and pig prices and encourage firms to get involved.

Nguyen Nguyen Phuong, a representative from the HCMC Department of Industry and Trade, noted that to prepare for the launch of the exchange floor, the department had dispatched a working team to Taiwan to study and survey the model and operating methods of the pig and pork exchange floor there.

Earlier, in March, the British Consulate General in HCMC signed a memorandum of understanding to cooperate with the HCMC Department of Industry and Trade to set up a pork and pig exchange floor in HCMC.

saigontimes

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