Pig price on November 7 continues to decrease, in some places in the North it is 49,000 VND/kg

Pig prices today (November 7) recorded a decrease in all three regions, with the common purchase price nationwide fluctuating between 48,000 - 51,000 VND/kg. Notably, some localities in the North witnessed prices falling below 50,000 VND/kg, the lowest level in many weeks.

Pig price today, November 7, continues to decrease, in the North it falls below 50,000 VND/kg

Details of live pig prices in regions

Northern market

The Northern region witnessed the most obvious decrease, with a decrease of 1,000 VND/kg in many localities. The purchase price currently fluctuates between 49,000 - 51,000 VND/kg.

Price level 50,000 - 51,000 VND/kg: Recorded in the provinces of Tuyen Quang, Bac Ninh, Ninh Binh, Lao Cai, Dien Bien, Phu Tho and Son La. Major localities such as Hanoi , Hai Phong, Hung Yen, Cao Bang, Thai Nguyen, Lang Son and Quang Ninh also traded around 50,000 VND/kg.
Lowest price: Lai Chau province recorded the lowest price in the region at 49,000 VND/kg.

Central Highlands market

The market here is relatively more stable than in the North. The common price ranges from 48,000 - 50,000 VND/kg.

Lam Dong is the only locality that recorded a slight decrease of 1,000 VND/kg, down to 49,000 VND/kg.
Thanh Hoa and Nghe An maintain the highest price in the region at 50,000 VND/kg.
The provinces of Ha Tinh, Quang Tri, Thua Thien Hue, Da Nang, Quang Ngai and Khanh Hoa traded around 49,000 VND/kg.
Gia Lai and Dak Lak have the lowest price in the region at 48,000 VND/kg.

Southern market

The Southern region also recorded a decrease in some localities, with prices ranging from 48,000 - 51,000 VND/kg.

Dong Nai and Can Tho both decreased by 1,000 VND/kg, the purchase price was 50,000 VND/kg and 49,000 VND/kg respectively.
Tay Ninh and Ca Mau maintain the highest price in the region at 51,000 VND/kg.
Vinh Long has the lowest purchase price in the region at 48,000 VND/kg.
Other localities such as Dong Thap, An Giang and Ho Chi Minh City kept prices stable at around 50,000 VND/kg.

Market analysis and forecasting

According to experts, the main reason for the continued decline in live hog prices is that the supply to the market is currently quite abundant, while demand has not shown any signs of increasing again. Selling pressure from farms makes it difficult for prices to recover in the short term.

It is forecasted that in the coming days, the price of live pigs may continue to decrease slightly in some localities if there are no new supporting factors from the consumer market.

Source: https://baolamdong.vn/gia-heo-hoi-711-tiep-tuc-giam-mien-bac-co-noi-49000dkg-400993.html