HA NOI — The Ministry of Agriculture and Rural Development (MARD) has proposed solutions to deal with price reductions for farming products recently.
Prices of farming products in recent months declined by 30 per cent for rice and tra fish, 60 per cent for lobster, and 50 per cent for pork, in comparison with the same period last year, said the ministry.
Trang Quang Thanh, director of the Dak Lak Agriculture and Rural Development Department, said many farming products in the province had fallen in price, including coffee, rubber and rice, and the price of cassava had dropped by 50 per cent to VND1,000 per kilo against the same period last year.
Nguyen Van Chien, head of the Co Dong Livestock Co-operative in Ha Noi, said all households and members of the co-operative had suffered huge losses from livestock breeding.
Because prices of pork and chicken on the local market fell sharply to VND42,000-43,000 per kilo for pork and VND21,000-22,000 per kilo of chicken, they had lost VND10,000 per kilo of pork and VND8,000 per kilo of chicken, Chien said.
Nguyen Huu Rong, director of the Thai Binh Agriculture and Rural Development Department, said Thailand and India had bumper rice crops and boosted rice exports, so export prices fell leading to fall in the price of domestic rice.
All Vietnamese farming products for export rely on global prices, but they have fallen due to an increase in production, said Minister of Agriculture and Rural Development Cao Duc Phat, adding that the situation of high output on the domestic market while low prices on the world market had pushed the trading prices of farming products on the domestic market down.
Additionally, domestic enterprises had difficulties in purchasing, consumption and stock, so they could not keep farming products in stock to wait for an increase in prices on the world market, he said.
To solve the situation, the ministry would focus on adjusting the structure of production for farming products and improve the quality of those products to meet market demands, he said.
Tran Bich Nga, deputy director of the National Agro Forestry Fisheries Quality Assurance Department, said farmers and enterprises should promote the implementation of Good Agricultural Practices in farming production to improve the quality of farming products and increase consumption.
The ministry would work with relevant ministries and other countries to solve technical barriers related with export activities for agricultural, forestry and fisheries products, aiming to increase farming exports, Phat said.
It had also proposed credit solutions for enterprises to purchase farming products that would help farmers not have to sell farming products at low prices, he said. — VNS