Declining in many localities; Vietnam's livestock industry is shifting towards modernity and sustainability

The live hog market continues to decline in many localities today. Accordingly, the highest price recorded nationwide is currently at 68,000 VND/kg.

Pig price today October 9: Continuing to decline in many localities.

Pig price today October 8:

*Pig price in the North:

This morning, the price of live pigs in the Northern region decreased by 1 in the provinces: Bac Giang , Ninh Binh, Nam Dinh and Hanoi, the market lost the mark of 69,000 VND/kg.

Currently, traders in the North are purchasing live pigs at around 67,000 - 68,000 VND/kg. Of which, the level of 67,000 VND/kg is recorded in Lao Cai, Ninh Binh, Ha Nam and Nam Dinh.

*Pig price in the Central Highlands region

The Central and Central Highlands regions also adjusted down 1,000 VND/kg in Thanh Hoa, to 67,000 VND/kg, the same price as Nghe An and Ha Tinh .

Also recording this decrease, Binh Dinh and Dak Lak dropped to 64,000 VND/kg this morning, along with Thua Thien Hue and Ninh Thuan, the provinces with the lowest prices in the region. The remaining provinces in the region remained stable at around 65,000 - 66,000 VND/kg.

* Pig price in the Southern region

The Southern market recorded a decrease in Ba Ria - Vung Tau and Dong Thap, respectively at 65,000 VND/kg and 64,000 VND/kg.

Currently, the price of live pigs in this area fluctuates from 63,000 - 66,000 VND/kg. Of which, Ben Tre is the only province buying and selling at 63,000 VND/kg, the lowest in the country.

* According to Associate Professor, Dr. Nguyen Thuong Lang, senior lecturer at the Institute of International Trade and Economics, National Economics University, the 2018 Law on Animal Husbandry, effective from 2020, strictly prohibits animal husbandry in unauthorized areas of cities, towns, townships, and residential areas. Localities have 5 years to prepare, with a deadline of January 1, 2025, to relocate unsuitable livestock facilities.

The above regulation will force some small-scale livestock farms to stop operating if they cannot relocate, narrowing the supply. However, this is necessary for the Vietnamese livestock industry to shift towards a livestock economy, which means increasing the role of medium and large-scale enterprises, meeting industry value chain standards, minimizing the possibility of spreading difficult-to-control diseases, and increasing management measures to move towards a modern, sustainable, high-value-added livestock industry.

Source: https://baoquocte.vn/gia-heo-hoi-hom-nay-910-di-xuong-tai-nhieu-dia-phuong-nganh-chan-nuoi-viet-nam-chuyen-dich-theo-huong-hien-dai-ben-vung-289359.html