Doubling in pig prices fails to soothe farmers
THE outlook of Cambodia’s farmers remained dismal even as the price of pigs doubled during the second quarter, with many of them pointing to a lack of government regulation as a factor that is sowing market unreliability. Rising to $2.20 per kilogram from just over $1, the rate has surpassed the break-even point of $1.80 per kilo.
Industry insiders said the price could be attributed to a falling supply of imports from Vietnam, imports which they say have dominated the market for years.
According to Ly Laville, general manager of M’s Pig ACMC (Cambodia) Co Ltd, the pig farm of Mong Reththy Group, the price of pigs had been on a decline that started in mid-2015 until the recent uptick.
“Even if the pig price doubled, it still wouldn’t be welcomed by domestic farmers as they have been suffering for years,” he said, noting 30 percent of domestic farmers had already given |up during the long period of falling prices.
“Domestic farmers are waiting to see the market, how stable is it? They are scared to start raising pigs again,” he said. “Our livestock market is dependent on neighbouring markets, it is hard for [Cambodian] pig farmers to build trust ”.
He claimed that the start of the decline in 2015 was triggered when China stopped importing pigs from Vietnam, saying that cheap livestock then flooded into the Kingdom’s markets.
According to Laville, roughly 8,000 to 10,000 live pigs are sold each day nationwide, of which less than half were bred in Cambodia.
Chet Phirum, deputy director of Cambodia Livestock Raisers Association, said that pig market prices were responding to imports from the country’s neighbours.
“The price of pigs has increased because the price has increased in neighbouring countries.Our pig farmers don’t receive any benefit from that increase,” he said.