Pig prices fluctuate in opposite directions, small-scale farmers will limit herd restoration

The price of live pigs today, November 23, in the North increased from 1,000 VND/kg to 2,000 VND/kg, fluctuating between 51,000 - 52,000 VND/kg.

Giá heo hơi hôm nay 20/6 (Nguồn: Meat Deli)

Pig price today, November 23: Pig price fluctuates in opposite directions, small-scale farmers will limit herd restoration. (Source: Meat Deli)

Pig price today 11/23

* The live pig market in the North recorded an increase from 1,000 VND/kg to 2,000 VND/kg.

Accordingly, the provinces of Lao Cai, Nam Dinh , Thai Nguyen, Thai Binh and Ninh Binh all increased slightly by 1,000 VND/kg to a common level of 51,000 VND/kg.

After increasing by 2,000 VND/kg, live pigs in Bac Giang are being purchased at 52,000 VND/kg.

Today's live pig price in the North is around 51,000 - 52,000 VND/kg.

* Pig prices in the Central and Central Highlands regions decreased by 1,000 VND/kg.

Specifically, Ninh Thuan province adjusted the transaction price down to 50,000 VND/kg. The remaining provinces had stable prices today.

Currently, the price of live pigs in the Central and Central Highlands regions is around 49,000 - 51,000 VND/kg.

* In the Southern region, pig prices decreased in many provinces and cities.

Of which, the price of live pigs recorded in Ho Chi Minh City, Tay Ninh, Long An, Dong Thap and Ben Tre was 49,000 - 51,000 VND/kg, down 1,000 VND/kg.

The lowest transaction price in the region is 48,000 VND/kg, currently available in Kien Giang province after a decrease of 2,000 VND/kg.

The price of live pigs in the Southern region today fluctuates between 48,000 - 53,000 VND/kg.

* According to the representative of the Dong Nai Province Livestock Association, if the epidemic increases and the price of live pigs continues to decrease, small-scale farmers will limit herd restoration or even stop raising pigs. However, the farm and business sectors will still maintain stable livestock farming scale due to the advantages of closed production processes, lower livestock farming costs, and good disease prevention mechanisms.

The representative of the Association commented: "The biggest concern of livestock farmers at present is that purchasing power is still weak. The clearest evidence is that during the peak Tet season last year, pork prices could not increase as usual in previous years. The current market trend makes many livestock farmers worried."

Market research firm Ipsos said that since October 2023, businesses have increased their purchases of pork to process in preparation for Tet. If supply was limited, prices would have increased again by this time. However, prices have not increased at present, proving that supply is still good.

Ipsos emphasized: "The problem of the market is weak demand due to economic difficulties. Therefore, the price of live pigs will hardly improve quickly in the near future even though the epidemic affects the supply.

The market in 2024 is also very difficult to forecast because the epidemic is still complicated and demand has not shown signs of optimism. Abundant pork supply and falling prices are not only in Vietnam but also a common trend in the world market."

Source