Pig prices continue to fall, rest assured about the pork market at the end of the year

The price of live pigs today, October 3, continued to decrease by 1,000 VND/kg nationwide, fluctuating between 52,000 - 56,000 VND/kg.

Giá heo hơi hôm nay 3/10: yên tâm về thị trường thịt heo dịp cuối năm

Pig price today October 3: Pig price has not stopped decreasing, rest assured about the pork market at the end of the year. (Source: MEAT Deli)

Pig price today 10/3

* Pig price in the North decreased by 1,000 VND/kg.

Specifically, after a price reduction, live pigs in Bac Giang , Thai Binh and Tuyen Quang were all traded at 55,000 VND/kg.

Transactions in the remaining provinces and cities are stable.

Today's live pig price in the North is around 54,000 - 56,000 VND/kg.

* The live pig market in the Central and Central Highlands regions decreased by 1,000 VND/kg.

Of which, Dak Lak province recorded the lowest transaction price of 53,000 VND/kg after a price reduction.

At the same time, live pigs in localities including Ha Tinh, Binh Dinh, Khanh Hoa and Ninh Thuan were purchased at 54,000 VND/kg, down 1,000 VND/kg.

After decreasing by 1,000 VND/kg, Quang Ngai province traded at 55,000 VND/kg.

Currently, the purchase price of live pigs in the Central and Central Highlands regions is around 53,000 - 55,000 VND/kg.

* Pig prices in the South decreased by 1,000 VND/kg across the board.

Of which, Binh Phuoc province reduced the price to 53,000 VND/kg. Traders in An Giang and Tien Giang also reduced the price by 1,000 VND/kg to 54,000 VND/kg.

Live pigs in Long An, Can Tho and Ca Mau were purchased at 55,000 VND/kg, down 1,000 VND/kg.

The price of live pigs in the Southern region today is around 52,000 - 55,000 VND/kg.

* Lunar New Year 2024 falls around the middle of the second week of February 2024. This is also the time when pork consumption demand is strongest in the year. The question is, with the low rate of pig herd restoration, will there be a shortage of pork supply at the end of this year and Lunar New Year 2024?

Regarding this, according to Mr. Duong Tat Thang, Director of the Department of Animal Husbandry (Ministry of Agriculture and Rural Development), the livestock situation of enterprises and farms is quite stable. The total pig herd of the whole country is currently about 28.6 - 28.7 million, basically meeting the domestic consumption demand for pork and pork products in the last months of the year and the upcoming Lunar New Year.

In addition, from now until October every year is the period when businesses and breeders restore their herds to ensure the time for selling.

Also on this issue, Mr. Nguyen Xuan Duong - Chairman of the Vietnam Livestock Association analyzed that the livestock structure has changed, farmers' farms only account for 20 - 30% of the total pig herd in the country; companies account for 70 - 80% of the total herd.

Accordingly, based on market demand, large livestock enterprises will have reasonable supply calculations. Therefore, people can be completely assured about the commercial pork market at the end of the year and during the Lunar New Year.

Source