Pig prices are unstable, people are not proactive in restocking

The price of live pigs today, August 21, in the Northern region did not record any new changes, fluctuating between 59,000 - 61,000 VND/kg.

(Source: Eva)

Pig price today 8/21

* The pig market in the North did not record any new price changes on the first day of the week.

Accordingly, 59,000 VND/kg is the lowest price of live pigs in the region, currently available in the two provinces of Yen Bai and Lao Cai.

Traders in Hung Yen, Thai Nguyen, Hanoi and Tuyen Quang are trading live pigs at the highest price of 61,000 VND/kg. The remaining provinces and cities maintain stable purchasing prices at 60,000 VND/kg.

Today's live pig price in the North is between 59,000 - 61,000 VND/kg.

* Pig prices in the Central and Central Highlands regions remained stable across a wide area.

Specifically, live pigs in Binh Dinh and Dak Lak are still traded at 57,000 VND/kg - the lowest in the region.

Except for Thanh Hoa and Nghe An, which are stuck at 60,000 VND/kg, the remaining provinces are purchasing live pigs at a stable price of 58,000 - 59,000 VND/kg.

Currently, the price of live pigs in the Central and Central Highlands regions is around 57,000 - 60,000 VND/kg.

* In the Southern region, pig prices remained unchanged compared to last weekend.

Currently, the price of live pigs in Soc Trang province is 56,000 VND/kg - the lowest in the region.

Slightly higher at 57,000 VND/kg are the provinces of Long An, Vinh Long, Hau Giang, Tra Vinh and Ben Tre. Traders in the remaining provinces maintain transactions from 58,000 VND/kg to 59,000 VND/kg.

The price of live pigs in the Southern region today fluctuates between 56,000 - 59,000 VND/kg.

* Mr. Nguyen Kim Doan, Vice President of Dong Nai Livestock Association, said that most livestock farmers share the same thought that the price of live pigs is unstable, so they do not proactively restore their herds because raising pigs is not profitable. Another reason is that due to concerns about the impact of African swine fever, large livestock companies in both Vietnam and abroad such as Masan and Dabaco have also reduced their herds.

Commenting on the issue of low herd restoration by farmers and businesses, whether pork prices will increase at the end of the year or not, Mr. Doan said that in fact, pork prices will increase but not much, because corporations have invested heavily, in large quantities, so they cannot stop raising pigs like farmers.

Regarding the current pig herd rate nationwide, Mr. Duong Tat Thang, Director of the Department of Livestock Production (Ministry of Agriculture and Rural Development) said that the total pig herd in the country is currently 27.8 million. With the current pig herd rate, it can basically meet the demand for pork and pork products in the domestic market from now until the end of the year, especially during Tet.

Source