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| Pig price today December 25: Pig price stagnates nationwide, highest at 52,000 VND/kg. (Source: Nguoi Lao Dong) |
Pig price today 12/25
* The pig market in the North has no new changes.
Accordingly, the highest price of live pigs in the region continues to be recorded in the two provinces of Bac Giang and Vinh Phuc at 52,000 VND/kg.
Except for Ninh Binh province, which is anchored at the lowest level of 50,000 VND/kg, the remaining provinces and cities maintain stable transactions at 51,000 VND/kg.
Today's live pig price in the North is around 50,000 - 52,000 VND/kg.
* Pig prices in the Central and Central Highlands regions also have no new changes.
Specifically, traders in Quang Tri, Quang Nam, Binh Dinh, Khanh Hoa, Dak Lak, Ninh Thuan and Binh Thuan are buying live pigs at 48,000 VND/kg.
Live pigs in the remaining provinces are being traded at 49,000 VND/kg.
Currently, the price of live pigs in the Central and Central Highlands regions is around 48,000 - 49,000 VND/kg.
* In the Southern region, pig prices also stagnated following the general trend.
Currently, Ca Mau province has the highest pork price in the region at 52,000 VND/kg.
Lower by 1,000 VND/kg at 51,000 VND/kg is Kien Giang province.
The remaining provinces and cities continue to purchase live pigs at a stable price of around 48,000 - 50,000 VND/kg.
The price of live pigs in the Southern region today fluctuates between 48,000 - 52,000 VND/kg.
* According to the Department of Animal Husbandry, the recent phenomenon of live pig prices falling to or below production costs is due to:
Firstly, people's purchasing power for food generally decreased slightly compared to before because people's income was affected when inflation increased (interest rates increased, foreign exchange rates increased).
Second, domestic pork supply will increase in September, October and November 2023 as pig farming by businesses and farms remains at a fairly high level.
Third, the psychology of farmers is negatively affected by African swine fever. As of November 30, 2023, there were more than 530 outbreaks of African swine fever nationwide, but they were mainly concentrated in small-scale farms. The number of pigs that had to be destroyed accounted for only about 0.04% of the total herd (more than 20,000 pigs), but it has directly affected the psychology of farmers and consumers.
Fourth, the smuggling of live pigs and pork products through trails and openings is still occurring in some localities, putting pressure on the domestic pork consumption market due to competition from cheap smuggled products, and at the same time, posing a potential risk of disease outbreaks in domestic pig farming.
Finally , there is no mechanism to ensure fairness and profit sharing among actors in the pork value chain. Although the price of live pigs at the farm gate has decreased, the price of meat at supermarkets and retail establishments/points has remained almost unchanged.
This benefits traders, slaughterhouse owners and meat retailers but is not beneficial to livestock farms and food consumers.
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