Vietnam has culled nearly 10% of its pig herd to contain an African swine fever outbreak that has started hitting large-scale industrial farms, the government said in a statement on Tuesday.
The rally in gold continued in the Vietnamese trading market on Tuesday, June 25 with the price hitting a fresh, more-than-two-year high in Vietnam and a six-year high in the world on the back of the weakening US dollar amid the FED’s expectations to cut rates, adding to geopolitical tensions.
With an abundant global supply and high inventory in major exporting countries, Viet Nam is expected to struggle to secure exports of rice in the second half of the year, speakers said at a conference held in HCM City on Monday.
Vietnam’s rice exports to China have nosedived as the northern neighboring country, due to its soaring stockpile, has imposed stricter trade barriers against farm produce.
Pork import prices have risen by up to 30 percent as African swine fever expands to almost all localities in Vietnam.
Statistics from the General Department of Vietnam Customs show that the country’s imports of completely-built-up (CBU) passenger cars from Indonesia amounted to 6,751 units in May, surging 84% against the month earlier and surpassing the purchase of Thai-made automobiles.
Local gold prices hit a one-year high on Friday as global markets continued to heat up.
Coffee prices in Vietnam remained little changed on Thursday from a week ago with supplies from farmers running low, while brisk trading activity was seen in Indonesia where a major harvest was peaking.
A recent hike pushed the price of gold to a new peak since 2017 as a result of the global surge in gold price and the U.S. Federal Reserve’s signal to cut interest rates.
The first batch of three tonnes of mangoes, grown in Yen Chau District in the northern mountainous province of Son La, were packaged on June 19 for export to the UK.